Ford backs Carney's plan for private investment at Pearson airport
Ontario airport privatization plan gets Ford’s support as Pearson eyes private investment See how Carney’s move could shape costs, expansion, and Billy Bishop’s future
Ontario Premier Doug Ford says he supports Prime Minister Mark Carney's plan to allow private investors to take part in the operation of Canada’s four largest airports, including Toronto Pearson.
Ford described the idea as a positive move and said it should also extend to Toronto’s Billy Bishop airport, which he has previously pushed to expand. He argued the island airport is ready for investment and could help the economy.
Carney announced Tuesday that the federal government would keep ownership of airport land and assets while changing how the airports are run. He said any money raised would be reinvested in regional airports. Opposition leaders in Ontario criticized Ford’s support, saying privatization could raise costs for travellers and benefit wealthy investors more than the public.