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WestJet Airlines Ltd
Symbol WJA
Shares Issued 115,284,848
Close 2017-12-22 C$ 26.41
Market Cap C$ 3,044,672,836
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Globe says Air Canada, others work on fuel-supply depot

2017-12-27 08:46 ET - In the News

See In the News (C-AC) Air Canada

The Globe and Mail reports in its Tuesday edition that airlines serving Eastern Canada's three biggest airports are pushing ahead with a major jet-fuel transport project in Montreal. The Globe's Nicolas Van Praet writes, however, that the $150-million plan faces opposition from citizen groups, who say it brings little economic value to Montreal East and merely adds to the island suburb's unfortunate reputation as Quebec's "dumpster." The clash will once again test the province's appetite for oil and gas infrastructure development after TransCanada abandoned its Energy East pipeline project in October. It pits residents of one of Canada's most industrialized districts against airlines enjoying robust passenger traffic and record profits. Montreal International Fuel Facilities Corp., a consortium of more than 30 airlines that own the jet-fuel storage and distribution infrastructure at Montreal Trudeau, is leading the project, which will also serve Toronto's Pearson and Ottawa's Macdonald-Cartier hubs. The aim is to improve the security and reliability of aviation jet-fuel supply to the three airports by building a new marine fuel-supply terminal along the St. Lawrence Seaway in Montreal East.

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