Thomas Cook Canada to immerge this spring!

[J.O.]

Canada mulls easing airline ownership rules | Reuters

Foreign ownership is restricted to 25% but may go up to 49% very soon. Some people say that it is a done deal.

But that will do nothing to change the requirement that the airline must remain under majority Canadian control. It would do TCX no good at all to take a minority (and non-controlling) interest in any Canadian company.

For me, the same logic applies to the TUI "investment" in Sunwing. Does anyone else find it highly coincidental that they got an apparent 49% interest in Sunwing for their $100 million investment? Doing the math, that makes Sunwing a company worth $200 million and change. Hmmm.