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An Air Canada 737 MAX 8 at London Heathrow (Photo: AirlineGeeks | James Dinsdale)

Air Canada, WestJet and Air Transat Seek to Adopt Higher Foreign Ownership Limits

Canada’s three major airlines individually announced this month that they would seek shareholder approval to amend their articles of incorporation to increase the limits of foreign ownership. The official announcements by St. Laurent, Quebec-based Air Canada, Calgary-based WestJet and Montreal-based Air Transat follow the passing of the Transportation Modernization Act in May 2018 which raised the allowable non-Canadian ownership level of airlines to 49 percent from 25 percent. The Canadian government said at the time that the amendments to the…

Vietnamese Start-Up Bamboo Airways Orders 20 Boeing 787-9 Aircraft

Boeing announced an order for 20 787 Dreamliners by Vietnamese start-up carrier Bamboo Airways. The order, announced on Monday, is valued at $5.6 billion USD for the 787-9 variant. Bamboo Airways, under parent company FLC Group, is set to launch in 2019 with its hub at Qui Nhon Phu Cat…