News   GLOBAL  |  Apr 02, 2020
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What has actually been spent as of today
Nothing, see post below, PCL was awarded this on March 18……maybe they started work already……I believe I saw a “PCL” sign and some mighty machines when I was driving around there a few weeks ago….
Interesting…..a “$200M Phase 1 Civil scope for the International Cargo Hub” has been awarded.
 
Flew out of YEG mid day last Wednesday and I've never seen the concourse so busy. Helps that they're using the gates all the way to 80 and have some more food services down there. I was surprised though how busy it was. Mostly domestic flights but still.
 
Shouldn't be too surprising that the concourse is busy, domestic flights (as of March) are 5% up YTD. It's transborder and FBO flights that are bringing our numbers down.
 
Anyone attending the annual public meeting on Thursday? Wondering if they will drop some fun little (or maybe big) nuggets.
 
Shouldn't be too surprising that the concourse is busy, domestic flights (as of March) are 5% up YTD. It's transborder and FBO flights that are bringing our numbers down.
While we want to be more than just a busy domestic airport, a 5% increase in the domestic numbers is quite a few passengers overall. Every airport is struggling with transborder right now and I feel given the problems in the world the international numbers this year could end up being disappointing elsewhere too.
 
While we want to be more than just a busy domestic airport, a 5% increase in the domestic numbers is quite a few passengers overall. Every airport is struggling with transborder right now and I feel given the problems in the world the international numbers this year could end up being disappointing elsewhere too.
Air Transtat has announced a cancelation of all usa routes.
 
Feds looking at privatizing Canadian airports
CBC piece on the Liberal government's plan, first floated in November's budget and revisited in last week's economic update. Ottawa currently leases about two dozen airports to non-profit authorities for around $525M/year and is now considering alternative ownership models to free up capital.

Gradek (McGill) argues the current setup doesn't generate enough for needed infrastructure upgrades and that Canadian pension funds already invest in privatized airports abroad. Counterpoint from Rod Sims, who ran Australia's competition regulator: Australia privatized in the late 90s/early 2000s, stripped regulation beforehand, and fees rose sharply. He argues airports in big countries function as near-monopolies and need price caps if sold off.
 

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