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.

by Staff via blogTO