Feb 15 (Reuters) - Air Canada AC.TO :
* AIR CANADA TO IMPLEMENT RECENTLY INCREASED FOREIGN OWNERSHIP LEVELS
* PRIOR TO CTA AMENDMENTS, NO MORE THAN 25% OF VOTING INTERESTS OF A CANADIAN AIR CARRIER COULD BE OWNED OR CONTROLLED BY NON-CANADIANS
* WILL SEEK SHAREHOLDER APPROVAL TO AMEND ITS ARTICLES OF INCORPORATION TO INCREASE LIMITS OF FOREIGN OWNERSHIP
* AMENDMENTS TO ARTICLES WILL BE UNDERTAKEN BY WAY OF A COURT SUPERVISED AND SHAREHOLDER APPROVED STATUTORY PLAN OF ARRANGEMENT