April 20, 2017 / 12:07 PM / 4 months ago

Canada's WestJet plans to launch ultra-low-cost carrier

April 20 (Reuters) - WestJet Airlines Ltd said on Thursday it plans to launch an ultra-low-cost carrier in Canada.

The Canadian transport minister, in November, lifted foreign investment limits for Canadian airlines to 49 percent from 25 percent, a change spurring competition and lower fares by encouraging the launch of low-cost airlines.

The company said it plans to start the service late in 2017 with an initial fleet of 10 Boeing 737-800s aircrafts. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Shounak Dasgupta)

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