Federal Government to Sell Concessions in Four Major Canadian Airports

The federal government is reportedly moving forward with plans to sell concessions in four major domestic hubs: Vancouver, Calgary, Toronto, and Montreal. Mark Carney is involved in advising on these large-scale privatizations. A sector study published by consultant Fethi Chebil suggested that the government could use this opportunity to establish a private-sector operator of Canadian airports that does business globally, or raise billions of dollars.

The move involves the sale of core infrastructure assets in major cities. The consultant argued that launching a national business through these sales was preferable to simply selling individual terminals. Domestic pension funds, such as PSP Investments, are noted to be interested in the sector.