SOAN reports on airport economic impact
By Wings Staff
The Southern Ontario Airport Network (SOAN) released key statistics about the economic impact created by its group of 11 airports in 2017. This included facilitating the travel of more than 52 million passengers last year.
By Wings Staff
Launched last year, SOAN is a network what the group describes as “commercially significant airports” focused on growth in their regions, as well as providing benefits to the local communities where each airport is based. SOAN explains its airports provide easier connectivity for local vacationers, support area tourism, facilitate business connections and help simplify goods movement for area producers and manufacturers.
SOAN states its airports put approximately $2.3 billion in tax revenue back into municipal, provincial and federal reserves. This figure includes direct operations of the airports: wages, aviation fuel, concession spending, taxis and rental cars, plus taxes on Airport Improvement Fees (AIFs) and the Air Travellers Security Charge (ATSC). SOAN also explains its networked airports supported some 55,000 workers in 2017.
The Southern Ontario Airport Network includes: Toronto Pearson International Airport, Billy Bishop Toronto City Airport, Hamilton John C. Munro International Airport, Lake Simcoe Regional Airport, London International Airport, Oshawa Executive Airport, Niagara District Airport, Peterborough Airport, Region of Waterloo Airport, Windsor International Airport and Kingston Regional Airport.