09:42:02 EDT Wed 23 Sep 2026
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Onex Corp
Symbol ONEX
Shares Issued 76,029,358
Close 2026-09-22 C$ 110.02
Market Cap C$ 8,364,749,967
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Globe says Air Canada hears call for full privatization

2026-09-23 08:43 ET - In the News

See In the News (C-AC) Air Canada

The Globe and Mail reports in its Wednesday edition that during the recent Canada Investment Summit, the Carney government announced plans to open up Canada's four largest airports to private investment. Guest columnists Jake Fuss and Alex Whalen write that the move has sparked concerns about ticket price increases. But Canadians pay relatively high prices for airfare precisely because of government's involvement in the industry -- and Mark Carney's plan does not go nearly far enough to change that reality. While the media calls this move "privatization," the ownership structure, dominated by government, remains largely unchanged. Consequently, Canada's airports will still lack incentives to compete, serve customer needs, lower costs and become more efficient because they are largely unaccountable to customers. But if the federal government instead sold the land and assets of the airports and allowed them to operate as private for-profit institutions, it would help create incentives (through the generation of profits) for airports to serve more routes, reduce ticket prices for passengers, innovate and produce a better customer experience. High-volume airports in the European Union already embrace this ownership model.

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