CANADA'S AIRPORTS ARE A SUCCESS STORY.
The federal government is contemplating selling Canada’s major airports to private business interests looking to turn airports into for-profit enterprises.
WHAT IS AT RISK?
Canada’s airports are a success story. We are recognized for having the best aviation infrastructure and most efficiently run airports in the world. And we do it without receiving any government funding.
In the 1990s, airports were transferred to non-profit airport authorities. We are accountable to the communities we serve and we now contribute over $1 billion a year in rents and other fees to the federal government.
Every penny we earn is re-invested in the airport, helping to ensure we continue to have some of the best airports in the world.
BUT...all of this could be at risk.
The federal government is contemplating selling Canada’s major airports to major private investors looking to turn airports into for-profit enterprises.
WHAT DOES IT MEAN FOR YOU?
Selling airports to private investors has been tried in other parts of the world and did not achieve the expected results. In both the U.K. and Australia, it didn’t generate the tax revenues the government expected.
Instead, customer fees increased and service levels declined.
We can expect the same kinds of things to happen here if the federal government sells Canada’s airports to for-profit investors in order to generate financial returns for shareholders:
- The cost of air travel will go up as private investors try to increase their revenues by raising parking or other user fees, for example;
- As the new for-profit owners try to find savings they could reduce cleaning and service staff or eliminate services like complimentary Wi-Fi;
- Local, non-political board members who ensure local interests are served will be replaced on airport boards as private investors install their own representatives.
CANADA'S AIRPORTS ARE AT THE HEART OF OUR ECONOMY
Canada’s airports are a key contributor to our country’s economic and social well-being.
Air transportation allows Canadians to connect with family and friends, and to explore other countries and cultures.
Our airports are also critical hubs for the transportation of goods, helping us to get our good and services to markets and consumers across the country and around the world.
The Canadian approach to running our major airports is working. Our economy can’t afford the risk that would come with selling our airports to private for-profit business interests.