Among many other things, the following will apply to obtaining a licence to operate a domestic air service;
•It must be incorporated or formed under the laws of Canada or a province;
•At least 75% of its voting interests must be owned and controlled by Canadians; and
•It must be controlled in fact by Canadians
There is an ability to get an exemption from the Minister;
Pursuant to section 62 of the CTA, where it is considered necessary or advisable in the public interest that a domestic licence be issued to a non-Canadian, the Minister of Transportation, Infrastructure and Communities has the statutory authority to exempt a person from the requirement to be Canadian.
I would think that the threshold for a demonstrated need for an exemption to be fairly high but I can't speak for the Minister obviously.
Given the above, 3 or 4 years ago there was a modification introduced by government that could see the non-Canadian ownership threshold raised to as high as 49% but is not yet in force and I haven't seen a timeline of when or even if it will become law.
Not sure of your status re Canadian but food for thought.
Last edited by 604guy; 10th Apr 2012 at 15:03.
Reason: clarification re 49% as non-Canadian