Who owns calgary international airport

The expansion was also seen as a bet on the future, paving the way for future expansion and growth by homegrown WestJet Airlines as well as other carriers. Barry Prentice, a transportation expert and professor at the University of Manitoba, said the debt levels of Canadian airports have been rising for years as airport authorities — non-profit organizations that pay rent to the federal government for their facilities and earn their revenues from airport improvement fees charged to travellers, as well as landing and terminal fees charged to airlines — have taken on bigger and bigger capital projects.

But I do think the airport authorities deserve a certain amount of criticism, in that they have expanded perhaps a little less prudently than they should have. While there are a small number of Canadian airports — including the Victoria International Airport — that are debt-free, most are heavily leveraged, Prentice said.

Daniel-Robert Gooch, president of the Canadian Airports Council, said it only makes sense that Canadian airports have turned into construction zones in recent years given that they have seen a 54 per cent increase in passenger volumes over the past decade. The federal government has already waived ground lease rents for Canadian airport authorities until the end of the year, but Gooch said airports would like to see that extended to a five-year period.

The Calgary International Airport has already suggested it may be necessary to hike the fees charged to passengers and airlines, which will make air travel more expensive and could ultimately result in fewer routes and transportation options for communities in the future. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Calgary Herald Headline News will soon be in your inbox.

We encountered an issue signing you up. Please try again. The airport slowly became outdated as the era of the jet plane arose, despite several upgrades to the runways and terminal building.

In the City of Calgary could not substantially finance the upkeep or upgrades the airport desperately needed. The Federal Government constructed a new terminal building and improved the existing runways.

The airport officially became known as Calgary International Airport in In the new airport terminal building was opened. Transport Canada began work on a very productive operation that would see new land, road, and airfield acquisition and construction over the next several years.

It was about this time that the facility became known as Calgary International Airport. True to their word, Transport Canada launched an ambitious program of land acquisition and airfield construction and in November of the terminal building that we see today opened, and with it came the modern age of aviation. On July 1, , The Calgary Airport Authority assumed responsibilities for the operation and expansion of the airport.

Today, YYC is a world class facility committed to creating a positive, engaging experience for passengers and to setting the standard for the industry. YYC now boasts shops, restaurants and services, as well as two hotels, a room four star Delta Hotel and the new Marriott In-Terminal Hotel with rooms.