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Air Canada
Symbol AC
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Close 2017-11-01 C$ 24.10
Market Cap C$ 6,604,218,002
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Globe says Air Canada hears call for public airports

2017-11-02 08:05 ET - In the News

Also In the News (C-WJA) WestJet Airlines Ltd

The Globe and Mail reports in its Thursday edition that IATA is adding its voice to the chorus urging the federal government to keep Canada's major airports in public hands. The Globe's Greg Keenan quotes Alexandre de Juniac, chief executive officer of the International Air Transport Association as saying Wednesday, "We haven't found anywhere a system of privatized airports that works well from an airline point of view." Mr. de Juniac made his comments in an interview in Toronto as the organization issued a report urging governments to make sure airports operate cost-effectively. "Usually, the privatization processes are not triggered by any aviation interests, they are driven by budgetary constraints [although] that's not specific to Canada," he said. The IATA report said 16 per cent of airports in Europe were in private hands last year, compared with 9 per cent in 2010. Between 2006 and 2016, the all-in costs of airline tickets held relatively flat in Europe, while airport charges and taxes doubled. Mr. de Juniac said IATA identifies the five best airports in the world as being in public hands, including those in Singapore, Amsterdam, Dubai, Hong Kong and Inchon, South Korea.

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