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ARTICLE · 11 JANUARY 2019

Canadian Aviation In The News

Blake, Cassels & Graydon LLP
Blake, Cassels & Graydon LLP
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Blake, Cassels & Graydon LLP

Blake, Cassels & Graydon LLP

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Bill C-49 passed on May 22, 2018, and received royal asset on May 23, 2018. Among other things, the bill raised the foreign ownership limit in Canadian airlines ...

CanadaTransport
Blakes Aviation & Aerospace Group
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Headlines

  • Bill C-49 passed on May 22, 2018, and received royal asset on May 23, 2018. Among other things, the bill raised the foreign ownership limit in Canadian airlines from 25 to 49 per cent. Any single international investor may not hold more than a 25 per cent voting interest in a Canadian airline.
  • On July 1, 2018, Bombardier and Airbus' partnership agreement pursuant to which Airbus acquired a 50.01 per cent stake in the CSeries commercial jet program took effect. The CSeries has been renamed the A220.
  • On July 5, 2018, Boeing and Embraer announced the signing of a memorandum of understanding to establish a joint venture partnership composed of the commercial aircraft and service business of Embraer. Under the terms of the non-binding agreement, Boeing will hold an 80 per cent ownership stake in the joint venture.

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