Cover imageCredit: Chalabala / Envato

Us & Canada’s airport sector: Demand joyride or short flight?

February 25, 2021Infrastructure
CO-HOST:
While the airports in the United States (“U.S.”) and Canada have been considered promising areas for private investment, actual private investment has not met expected levels. In the United States, the Federal Aviation Administration’s (“FAA”) privatization program has logged few successful privatizations, and even more unsuccessful privatization attempts. In Canada, airports have been corporatized, but largely remain under local government control. That said, there are many examples of more limited privatization of discrete assets at airports such as passenger terminals, cargo facilities, automobile parking, retail operations
and management, and other real estate development opportunities.

At present, the COVID-19 pandemic has created new challenges for airports and opportunities for private investors as a result of reduced access to traditional forms of finance while improvements to facilities are still needed.

GRI recently assembled a panel of industry experts to discuss their views on the state of the U.S. and Canadian P3 markets and their future potential.

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