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Canada's new transport law to raise ownership limits in its airlines and railway
来源： 编辑：编辑部 发布：2018/06/04 08:54:42
CANADA's new transport law will raise ownership limits in Canadian airlines and the nation's biggest railway.
Transport Minister Marc Garneau's sweeping reform of transport laws, known as Bill C-49, will raise the foreign ownership limit in airlines such as Air Canada and WestJet Airlines Ltd to 49 per cent, up from 25 per cent at present, London's Air Cargo News reported.
The bill will also raise the individual ownership limit in Canadian National Railway Co to 25 per cent, from 15 per cent now. The only person near that limit is Bill Gates, who owns a combined stake in the railway of 15.9 per cent between his company Cascade Investment LLC and his family's charitable trust.
In addition to the ownership changes, there are also substantial new rules governing rail shipment, including the creation of a "long-haul intershipping" system aimed at helping rail customers served by only one line.
Transport Minister Marc Garneau's sweeping reform of transport laws, known as Bill C-49, will raise the foreign ownership limit in airlines such as Air Canada and WestJet Airlines Ltd to 49 per cent, up from 25 per cent at present, London's Air Cargo News reported.
The bill will also raise the individual ownership limit in Canadian National Railway Co to 25 per cent, from 15 per cent now. The only person near that limit is Bill Gates, who owns a combined stake in the railway of 15.9 per cent between his company Cascade Investment LLC and his family's charitable trust.
In addition to the ownership changes, there are also substantial new rules governing rail shipment, including the creation of a "long-haul intershipping" system aimed at helping rail customers served by only one line.