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Ottawa eyes airport sell-off to raise infrastructure cash

  • Last Updated:
  • Mar 27th, 2017 7:54 pm
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21 replies
Banned
Dec 5, 2015
2038 posts
405 upvotes
Concord, ON
Good..since people's complain about them so much and how much better they are run in Asia..we can get private investors to make our airports great like Asia instead of with bloated unions

Lean, efficient of private sector would be great
Deal Fanatic
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Sep 14, 2006
6801 posts
214 upvotes
Thanks. I'm definitely interested in buying an airport.
TEAM CANADA!!!!!!!!!!!
Deal Expert
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Jun 9, 2003
22945 posts
952 upvotes
Markham, ON
if CPP doesnt want it...then it's definitely not a good deal.

pretty sure with the high taxes that the fed govt charges...there is not much profit in it.
Deal Addict
Jan 28, 2008
1387 posts
54 upvotes
The operations are already private - the land they said on is public.
Pearson for example sends Ottawa about 130/million a year to Ottawa which it pays for rent (to operate airport), that portion will be privitised.

The terminals/runways etc are already owned by private (not for profit) authorities not the public.
Deal Expert
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Dec 7, 2012
22028 posts
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GTHA
No decision made on sell-off of Canada’s airports: finance minister
Ottawa has made no decisions as the government continues to weigh its options, Finance Minister Bill Morneau said. A potential sale of major airports would be worth billions.

https://www.thestar.com/news/canada/201 ... ister.html
Deal Addict
Dec 19, 2009
1996 posts
708 upvotes
The start of the government selloff and the austerity ... coming soon to a city near you.
Deal Addict
Apr 9, 2010
2261 posts
484 upvotes
Montreal
If we can have airports like Incheon airport in South Korea then we should sell all of our airports.

Anyone who hasn't been to Korea or Japan doesn't know just how crappy our infrastructure is.
Deal Addict
Apr 30, 2011
2519 posts
197 upvotes
RICHMOND HILL
Incheon Airport wasn't much better than Pearson when I went there for a connecting flight last summer.

In fact that day they didn't even turn on the dehumidifiers and A/C (on a foggy day too!) and I was sweating for hours.
Deal Expert
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Dec 7, 2012
22028 posts
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GTHA
Bill Morneau isn't ruling out selling off airports
http://www.ctvnews.ca/politics/bill-mor ... -1.3340122
OTTAWA -- Finance Minister Bill Morneau isn't ruling out privatizing some of Canada's biggest airports, even though there was no plan to do so in the 2017 federal budget.

In an interview with Evan Solomon, host of CTV's Question Period, Morneau says the government hasn't come to any conclusion on a report that recommended the move, written by former industry minister David Emerson. Emerson served in the role for the Liberals from 2004 to 2006.

"We care about the passenger experience. We want to make sure that our airports are best-in-world," Morneau said.

"We're continuing to look at the issue of how we can make sure that our airports work effectively, that the passenger experience is strong. There's more than one way of doing that and since we haven't come to any conclusions, we have nothing to report."
Jr. Member
Dec 5, 2015
176 posts
50 upvotes
Thornhill, ON
What happened? I really wanted our airports to be sold and run like a profit generating business like every other suscesful airport in the world

Would've facilitated investments and made the airports nice instead of simply a transit hub like a TTC station

Airports should privatized so that private investments can go in and make it nice and luxurious instead of forcing both cheap airlines and tier 1 airlines to share same facility benefitting nobody

Having them public forces cheap airlines and their passengers to pay more while restricting investments and comfort for those who have no problem paying for a better experience

This socialist stuff needs to stop for airports
Jr. Member
Dec 5, 2015
176 posts
50 upvotes
Thornhill, ON
loserga wrote:
Mar 23rd, 2017 3:35 pm
Incheon Airport wasn't much better than Pearson when I went there for a connecting flight last summer.

In fact that day they didn't even turn on the dehumidifiers and A/C (on a foggy day too!) and I was sweating for hours.
It's about 1000x better than Pearson in everyway from lounges to shops to restaurants, wide selection of facilities and quality of design and materials.
Deal Guru
Feb 9, 2012
10085 posts
1260 upvotes
Toronto
Doubleshot wrote:
Mar 26th, 2017 4:37 pm
This socialist stuff needs to stop for airports
It's not socialist stuff. It's a reality. Where's Canada 3000? Where's some of the other airlines? The surviving airlines are struggling enough just to survive as is.
There's no breathing room to raise fares.
...and no, a for profit situation is not better because too many corners are cut.
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