Canada’s Finance Minister Bill Morneau on March 30 announced, that in effort to help airports reduce cost pressures as they deal with the effects of COVID-19, the government is waiving ground lease rents from March 2020 through to December 2020 for the 21 airport authorities that pay rent to the federal government. PortsToronto, which operates Billy Bishop Toronto City Airport and pays a charge to the federal government, will also receive comparable relief.
“We recognize the impacts that the COVID-19 pandemic continues to have on people and the economy, and that certain sectors, such as the air transportation industry, have suffered tremendously,” said Morneau.
As part of its COVID-19 Economic Response Plan, the government notes this measure will provide relief of up to $331.4 million, when compared with payments for the same 10-month period of 2018.
“We want to provide relief for these important entities who are still open under difficult circumstances, and are helping to help bring Canadians home,” said Marc Garneau, Minister of Transport. “We are appreciative that they continue to support the flow of people and goods during this challenging time.”
In addition to PortsToronto (Billy Bishop), the 21 airport authorities that will receive relief include:
St. John’s International Airport Authority
Gander International Airport Authority Inc.
Halifax International Airport Authority
Charlottetown Airport Authority Inc.
Saint John Airport Inc.
Greater Moncton International Airport Authority Inc.
Fredericton International Airport Authority
Aéroport de Québec Inc.
Aéroports de Montréal
Ottawa Macdonald-Cartier International Airport Authority
Greater Toronto Airports Authority
Greater London International Airports Authority
Thunder Bay International Airports Inc.
Winnipeg Airports Authority Inc.
Regina Airport Authority
Saskatoon Airport Authority
Edmonton Regional Airports Authority
Calgary Airport Authority
Prince George Airport Authority Inc.
Vancouver International Airport Authority
Victoria Airport Authority