Canada Sells Airport Operations to Investors

Canada is moving forward with a strategic plan to divest the operational control of its airports. The government intends to retain ownership of the airport land and all underlying assets. Investors will acquire long-term concessions, granting them the rights to operate these key transportation hubs.

To facilitate this significant transaction, Canada has engaged the expertise of financial institutions JPMorgan Chase & Co. and Canadian Imperial Bank of Commerce. These firms will provide advisory services throughout the selling process, aiming to secure favorable terms. The initiative seeks to leverage private investment to enhance airport infrastructure and services.