Canada seeks private investment via long-term concessions for four largest airports, Carney says

Jerusalem Post/World News"(We) will retain ownership of the underlying land and assets, but we will unlock their true value by bringing in new capital and expertise into their operations and growth."Follow us on GoogleAn Air Canada Express Jazz Aviation Mitsubishi CRJ-900ER airplane lands at Ronald Reagan Washington National Airport after arriving from Toronto on August 13, 2026 in Arlington, Virginia.(photo credit: Kevin Carter/Getty Images)SEPTEMBER 15, 2026 16:34Canada is seeking private investment through long-term concessions to operate the nation's four largest airports as part of a campaign to boost the economy, Prime Minister Mark Carney said on Tuesday.The airports are in Toronto, Montreal, Calgary and Vancouver. The Liberal government said last year it was looking at ways to boost investment in airports but at that stage did not give specific details.Carney is welcoming dozens of global investors to Toronto this week, hoping to attract investment in more than 160 projects that he says are key to steering Canada's economy through a trade war with the United States."We will seek private investment through long-term concessions to operate Canada's four largest airports,' Carney said in opening remarks to the summit.Air Canada passenger planes are seen at the Toronto Pearson International Airport on March 31, 2025 in Toronto, Ontario, Canada. (credit: Cole Burston/Getty Images)Canada to 'unlock true value by bringing in new capital'"(We) will retain ownership of the underlying land and assets, but we will unlock their true value by bringing in new capital and expertise into their operations and growth."Speaking on the sidelines of the summit, two asset managers told Reuters they would be interested in investing in airports.Canadian labor groups have said they oppose privatization, arguing that it would raise costs for travelers.Follow us on Google