 Offer made to buy Air Canada MONTREAL – Canada's largest airline may be on the runway to privatization, but a change of ownership at Air Canada is unlikely to affect travellers, who continue to seek low fares and reliable service, industry observers said FridayCommentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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Next the CBC...
Oh we can only hope
Let someone else share the pain
I thought Air Canada was a private company?
Yes it is.
Air Canada Timeline.
The balance of Air Canada's shares are sold to the public. Under the 1987 Air Canada Public Participation Act, no individual or group of individuals can vote more than 10 per cent of the shares and foreigners collectively cannot own more than 25 per cent of the voting shares.
1988
Air Canada is privatized in order to level the playing field between the two major airlines. Forty-three per cent of Air Canada's shares are sold to the public.