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Regulator rules Flair Airlines is Canadian; upstart carrier can keep its licence
BY THE CANADIAN PRESS, Jun 2, 2022 1:17 AM - REPORT AN ERRORThe Canadian Transportation Agency says Flair Airlines is Canadian. The ruling means the Edmonton-based upstart carrier can keep its operating licence.
Canadian legislation allows no more than 49 per cent ownership of a Canadian airline by foreign entities. The CTA had been investigating Flair's ownership to determine whether its relationship with Miami-based investor 777 Partners violated those rules.
Flair has made a number of changes as a result of the investigation, including a promise to increase the number of Canadians on its board.
Flair has faced opposition from larger rivals Air Canada, WestJet and 30-odd other carriers who have publicly called for the regulator to rule against it.
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