Manufacturing Industry
Canada to cut airport rents
Airline Industry Information, May 10, 2005
AIRLINE INDUSTRY INFORMATION-(C)1997-2005 M2 COMMUNICATIONS LTD
The Canadian government will cut rents at federally owned airports, Canada's transport minister said on Monday (9 May).
The 60% decrease, which is expected to save operators close to CAD8bn, is aimed at relieving the pressure on operators and helping to cut air fares.
Nine of Canada's 21 main airports currently pay rent, including Toronto, Ottawa, Montreal, Calgary and Vancouver. Four more are due to start paying rent in 2006 and the rest will do so in the future, reported Reuters.
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