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MacKinnon Plans Private Investment in Canada’s Major Airports

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Story summary
  • Transport Minister Steven MacKinnon announced plans to open Vancouver, Calgary, Toronto and Montreal airports to private investors.
  • He said details will be released on Tuesday at a two-day investor summit in Toronto.
  • A survey commissioned by IFM Investors found 79 % of 3,000 Canadians support more airport investment.
  • Ottawa is studying Australia’s model, keeping ownership while leasing airports long-term to investors.