Canada's 4 largest airports to be opened up to private investment, Carney says

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DesRicardo

aka Dick Dastardly
Dec 2, 2022
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What could possibly go wrong when replacing "for the public good" with "driving private shareholder value?
 
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Carney could introduce policies promoting solar-powered
planes to offset climate damage inflicted by opening more
airports to private investment.
 
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DesRicardo said:
Don't remember this being part of the platform. How did we get here?


www.ctvnews.ca

Carney looks to open Canada’s 4 largest airports to private investment

Prime Minister Mark Carney says he wants to see private investors operate Canada’s four largest airports — Toronto Pearson, Montreal, Calgary and Vancouver.
www.ctvnews.ca www.ctvnews.ca
Click to expand...

How did we get here? Same way we ended up in a $25 billion and GROWING hole fighting an undeclared proxy war in Europe. Same way we are hitching our horses to a crashing Euro-honey-wagon, seeking "associate" status in order to perpetuate the very same proxy war. Public ignorance and apathy. And an incompetent Opposition. Being nice may be a Canadian thing but being hoodwinked by Prime Ministerial follies should not.
This privatization binge is ominously reminiscent of the Thames Water fiasco in the UK or the Mike Harris blunder with the 407.
 
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I should point out that many people have been pushing for Canada to privatize airports. I should say also that I don't necessarily agree with this. But, the pension plans like CPPIB, OMERS, HOOP, OTPP and others would LOVE to get them. Now, if they kept landing fees and other things for passengers cheap (which is possible....but unlikely), and they just increased the amenities (like high-end shops, better restaurants or things like spas [not the fun kind]), then it might be a great thing.

As for if Carney had this in his platform...I really don't see how that is relevant. There are a lot of things that all governments do that they never ran on. And a multitude of reasons. Things in this world are not static. Canada is looking for foreign investments to build things like infrastructure projects and what not. Maybe this is something to get some big money players in the room.
 
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silentkisser said:
I should point out that many people have been pushing for Canada to privatize airports. I should say also that I don't necessarily agree with this. But, the pension plans like CPPIB, OMERS, HOOP, OTPP and others would LOVE to get them. Now, if they kept landing fees and other things for passengers cheap (which is possible....but unlikely), and they just increased the amenities (like high-end shops, better restaurants or things like spas [not the fun kind]), then it might be a great thing.

As for if Carney had this in his platform...I really don't see how that is relevant. There are a lot of things that all governments do that they never ran on. And a multitude of reasons. Things in this world are not static. Canada is looking for foreign investments to build things like infrastructure projects and what not. Maybe this is something to get some big money players in the room.
Click to expand...

"Canada is looking for foreign investments to build things like infrastructure projects and what not."
No building infrastructure here. Just skimming off risk-free ongoing enterprises.

Thames Water, since the heyday of Thatcherism, has had muliple serial owners each in turn ripping off profits and neglecting the necessary investment in infrastructure. The company is literally broke and begging the UK government for help. Currently OMERS is the single largest shareholder.
 
niniveh said:
"Canada is looking for foreign investments to build things like infrastructure projects and what not."
No building infrastructure here. Just skimming off risk-free ongoing enterprises.

Thames Water, since the heyday of Thatcherism, has had muliple serial owners each in turn ripping off profits and neglecting the necessary investment in infrastructure. The company is literally broke and begging the UK government for help. Currently OMERS is the single largest shareholder.
Click to expand...
I completely agree with the Thames Water example. One of the investors basically loaded the company with massive debt and fucked off, leaving the rest to pick up the pieces. However, the airport deals should be structured in such a way as to ensure passengers do not get fucked. Now, will the government do that? Hard to say. I mean, Mike Harris really fucked the dog when he sold off the 407, allowing them to raise tolls on a whim whenever they felt like it. If I'm not mistaken Pearson used to have the highest landing fees in the world. They've since gone down (or everyone else has risen), but it was an issue. Now, as I said, if the investors in a privatized airport could only squeeze more money out of amenities and shops (which people can choose to use or not), I'm totally down with that. But if they want to introduce new fees and what not that balloons the cost of a flight, fuck that noise!
 
Valcazar said:
Just because OP is arguing in bad faith doesn't mean this privatization is a good thing.
Click to expand...
It’s these type of discrediting comments that lead outcomes like this.

I’m showing you the horrible bullshit Carney does and you attack me as bad faith. No it’s reality.

Canada will never get on the right track because too many of you don’t have the right mind.
 
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DesRicardo said:
It’s these type of discrediting comments that lead outcomes like this.

I’m showing you the horrible bullshit Carney does and you attack me as bad faith. No it’s reality.

Canada will never get on the right track because too many of you don’t have the right mind.
Click to expand...

And I am agreeing it is bad.
Doesn't mean you are now suddenly arguing in good faith.
You hate Carney and will trumpet anything you think makes him look bad, regardless of your own views on the matter.
That some of those attacks are valid is largely incidental.
 
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Valcazar said:
And I am agreeing it is bad.
Doesn't mean you are now suddenly arguing in good faith.
You hate Carney and will trumpet anything you think makes him look bad, regardless of your own views on the matter.
That some of those attacks are valid is largely incidental.
Click to expand...
I am and always argue in good faith. I don’t want to see this happen.

It’s really the other way around. Most of you can’t admit reality and lie to save face. That’s the real bad faith argument.
 
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