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WestJet Airlines Ltd
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Close 2017-04-11 C$ 22.91
Market Cap C$ 2,685,115,232
Recent Sedar Documents

Globe says Air Canada, others won't get study's details

2017-04-12 09:09 ET - In the News

See In the News (C-AC) Air Canada

The Globe and Mail reports in its Wednesday edition that Finance Minister Bill Morneau will not be releasing the results of a federally commissioned study on airport privatization, nor will the government reveal how much it paid Credit Suisse AG to conduct the review. The Globe's Bill Curry writes that Mr. Morneau's department confirmed Tuesday that Ottawa agreed to give the Swiss investment bank a veto on the release of any information related to the study, which it was hired last fall to conduct. Mr. Morneau and Transport Minister Marc Garneau have remained coy over the past year as to whether the Liberal government will privatize Canada's airports. The move would raise billions in new revenue for the federal government, but critics warn it could lead to higher prices and less service for air travellers over the longer term. This week, the government refused a written request from the Conservative Party to disclose the cost of the contract, even though the work ended on Jan. 31, 2017. The Conservatives also asked the government to reveal the findings of the study. The government rejected the request, saying that no terms can be released without the consent of Credit Suisse.

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