Transport Canada Articles Of Agreement

Ensuring fair competition is another central issue in open aviation markets. By increasing the level of regulatory convergence, a comprehensive air services agreement between the Community and Canada would ensure a level playing field in order to avoid distortions of competition. In 2006, Canada introduced a new international air transportation policy called Blue Sky to modernize its approach to international air travel. For more information on this policy, please visit Transport Canada`s website: Canada`s Blue Sky Policy. 2.7. Air Canada`s hub, Toronto Airport, produces more than 28.6 million passengers annually. Airport charges in Toronto are very high and make it one of the most expensive airports in the world. Other major airports are Ottawa, Montreal, Calgary and Vancouver. Canadian airports are managed by airport authorities under long-term lease agreements and must lease to the federal government in exchange for the right to raise revenue. The use of collective agreements to supplement contractual items is supported by TCMS.

4.5 A recent economic study conducted by independent consultants confirmed the clear potential benefits of an open air zone agreement with Canada. The results of this study show that more than 9 million additional passengers were expected more than 5 years after the opening of the market. In the first year, the number of passengers is expected to increase by 500,000. In addition, an open aviation zone can generate a benefit for consumers of at least €72 million by reducing fares and could create 3,700 jobs in the first year. The study confirmed that the legal and policy framework for air transport in Canada would enable the Community to reach a model agreement with Canada that would lead to greater convergence of legislation and new opportunities for EU industry and users. An OOA with Canada would strengthen the competitiveness of EU airlines in the North Atlantic market. This would result in an increase in the number of direct flights between the EU and Canada and a better distribution of air traffic. In addition, the study pointed out that an OAA would allow airlines to establish closer ties with airlines on the other side and make strategic investments by removing investment restrictions. Such investments would offer the possibility of new economies of scale and scale which would allow Community airlines to enter markets which would not otherwise be economically profitable. In accordance with the applicable laws and regulations of the other Party, the income of enterprises of one Contracting Party to international maritime transport in the territory of the other Party shall be invoiced in freely convertible currencies. . .