pearson airport

Pearson airport might be for sale

Toronto's Pearson Airport could hit the market as the Federal governments looks into selling off major airports in order to fund other infrastructure projects, reports the Toronto Star today.

Canada's major airports are operated by not-for-profit airport authorities, like the Greater Toronto Airports Authority that runs Pearson. But in order to generate billions of dollars, the Liberals are exploring whether or not to privatize these transportation hubs.

The chief executive officer of the Vancouver Airport Authority, however, tells the Star that privatizing Canada's major airports might render them unrecognizable, and not in a good way. Others say that this move would raise fees for customers, making air travel more expensive for Canadians.

And what could this all mean for Pearson? The president and CEO of the GTAA, Howard Eng, says in a statement to the Star that he and his team are reviewing what a possible change in ownership would mean for Canada's busiest airport.

Photo by Lord of the Wings in the blogTO Flickr pool.


Join the conversation Load comments

Latest in City

Start date for schools reopening in Toronto might be delayed and staggered

Toronto garbage truck seen driving over new bike lane barriers on Bloor

The history of the first Tim Hortons in Toronto

This is what Chinatown used to look like in Toronto

Toronto hospitals report zero COVID-19 patients for the first time in months

This is how one Toronto photographer went looking for the Perseid meteor shower

TTC employees keep getting called out for not wearing face masks

People in Midtown Toronto to hold protest against new homeless shelters this weekend