May 16 (Reuters) - Air Canada AC.TO :
* Air Canada comments on proposed transportation modernization act
* Proposed amendments to legislative provisions governing joint ventures in airline industry should facilitate opening up of new markets by co
* Increase of foreign ownership limits to 49 percent should provide improved access to international investors, global capital markets for Air Canada Source text for Eikon: ID:nCNWJvzgxa Further company coverage: AC.TO