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Vancouver Airport Authority Statement on the 2017/18 Federal Government Budget

“Vancouver Airport Authority thanks the federal government for listening to Canadians and for recognizing the risks to passengers and Canada’s economic wellbeing by maintaining the current state of the airport governance model.

Over the last year, Vancouver, Ottawa and Calgary airport authorities, have worked together to educate Canadians about the risks of selling off Canada’s major airports. The existing Canadian national airport model works well. YVR is internationally recognized as one of the most efficient, modern and competitive airports in the world and just last week we were awarded Best Airport in North America for the eighth consecutive year as voted by over 13 million worldwide passengers. Canada’s major airports receive no government funding – rather collectively, they pay the federal government hundreds of million in rent each year. In fact, all revenues generated by the airports are reinvested back into facilities for ongoing maintenance and capital development. We have no shareholders, no government funding and we are one hundred per cent accountable to the communities we serve.

While the budget did not include any specific mention to selling off Canadian airports, Vancouver Airport Authority is going to continue efforts to educate Canadians on the value of the current airport model.”

Craig Richmond
President & CEO
Vancouver Airport Authority