So far under Canadian Law, foreign ownership of actual airlines will be capped at 49% so the actual ownership would therefore be Canadian.
Ottawa to ease foreign owner rules for airlines
BERTRAND MAROTTE AND GREG KEENAN
MONTREAL and TORONTO — The Globe and Mail
Published Thursday, Nov. 03, 2016 8:27AM EDT
Last updated Thursday, Nov. 03, 2016 6:20PM EDT
Mr. Garneau said Thursday that the Liberal government plans to introduce legislation to ease foreign ownership restrictions on domestic airlines to 49 per cent from the current 25 per cent.