May 16, 2017 / 7:08 PM / 6 months ago

BUZZ-Air Canada: Hits 9-yr high on easing of airline JV rules

** Shares of Canada’s largest airline rise as much as 5.5 pct to C$17.04, hits more than 9-yr high

** Canadian government unveils new rules on Tuesday that allow airlines to form joint ventures and lifts ceiling on international investment limits in Canadian air carriers to 49 pct from 25 pct

** Airline on track to complete joint venture with Air China

** More than 3.2 mln shares traded, 2.3x their 30-day moving avg

** Up to Monday’s close, stock had gained nearly 72 pct in the last 12 months

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