Lakelad Posted December 16, 2004 Share Posted December 16, 2004 Globe says ACE, other big birds in for a price roasting. The Globe and Mail reports in its Thursday, Dec. 16, edition that Canada's struggling aviation industry has suffered a painful one-two punch, as Transport Minister Jean Lapierre's plan to freeze, then lower, airport rents has been put on hold while Toronto's Pearson International Airport says it will raise its key fee to airlines by 17 per cent. The Globe's Simon Tuck writes that the two developments will likely mean higher costs for Canada's airline industry and no relief for the air travellers who use the facilities and services. Mr. Lapierre said last week he had a plan to freeze and then cut the rent Canada's airports pay Ottawa. He wanted cabinet to okay a plan to have rent frozen for 2005 as an interim step, and then permanently lowered. Unnamed sources, however, say that plan was quashed this week by Finance Minister Ralph Goodale and the Department of Finance. Despite a forecast for an $8.9-billion surplus in fiscal 2004-05, they are concerned about the government's fiscal health in the coming years in the wake of a series of big-budget spending moves. Airports will now have to deal with the large rent increases contained in the federal government's previous schedule. Link to comment Share on other sites More sharing options...
mrlupin Posted December 16, 2004 Share Posted December 16, 2004 Yikes!!! 17%, thats hard to swallow by any standards!! Maybe now the various carriers will start looking at alternative airports instead on Toronto. Wonder if Montreal could attract some more flying..... Lupin Link to comment Share on other sites More sharing options...
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