The Globe and Mail reports in its Wednesday edition that Prime Minister Mark Carney is open to fully privatizing airports, which could improve Canadian airports and help control rising fees.
A Globe editorial says last week, the Prime Minister said that Canada welcomes foreign investment in airport privatization. Mr. Carney emphasized that the aim is to improve services for Canadians, with funds raised being reinvested to boost the economy.
Changes to airports were also vaguely referenced in the federal government's spring economic update, saying it was looking at "alternative models of ownership."
Critics argue that privatization would make airports costly and unaccountable, but they overlook that the current model, with large airports managed by private, not-for-profit authorities, is already expensive and lacks accountability.
Fees paid directly by passengers and indirectly by airlines already make up 30 cents or more of every dollar that passengers in Canada pay for airfare.
In Canada, the federal government transferred the management and operation of 22 large airports to non-profit authorities in 1994, while retaining ownership of the land and assets.
The Globe says the current system lacks accountability.
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