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Airport privatization will cost Canadians, warns CLC | Canadian Labour Congress
canadianlabour.caStatement from Lily Chang, Secretary-Treasurer of the Canadian Labour Congress: “Private investors don’t put billions into airports unless they expect to make billions back. The government is pointing to Australia as its model, and we’ve already seen the results there: higher costs for passengers and airlines, pressure on workers, and more airport revenue flowing to private investors. Canada’s airports are already productive public assets, generating approximately $525 million a year in revenue for the federal government. Giving private investors long-term concessions means trading away decades of that value for cash today. In the middle of a trade war, handing profitable...



Canadian courts usually side on nationalization requiring market rate payment so this is still going to be a bailout for international investors. Smh