Posted Oct 8, 2026, 3:01 PM
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Registered User
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Join Date: Dec 2015
Posts: 15,828
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Quote:
Vancouver airport first candidate for private investment, sources say
Three weeks after Prime Minister Mark Carney announced plans to open up four of the country’s biggest airports to private investment, the bankers and lawyers advising Ottawa have decided Vancouver’s airport, known in the industry as YVR, should be the first facility where a long-term lease on its ground operations is sold to outside investors, according to the sources, who are involved in the process.
YVR earned first spot in line because the government and its advisers expect to land First Nations investment, the sources said. The Globe and Mail is not naming the sources because they are not permitted to speak for their employers.
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Indigenous investors are expected to take a minority stake of up to 20 per cent in YVR, two of the sources said, with majority control sold to institutional investors experienced in operating these complex facilities. Leading candidates for this role are large domestic pension plans such as the Public Sector Pension Investment Board, known as PSP Investments, which already operates airports in Europe and Puerto Rico.
The federal government and its advisers want Indigenous investment in YVR and other airports as part of a strategy to promote reconciliation and address concerns that privatizing operations will mean handing control to faceless asset managers, or foreign airport operators.
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https://www.theglobeandmail.com/business...-investment-first-candidate-sources-say/
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