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Sunshine@piefed.ca to Canada@lemmy.caEnglish · 3 days ago

Airport privatization will cost Canadians, warns CLC

canadianlabour.ca

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Airport privatization will cost Canadians, warns CLC

canadianlabour.ca

Sunshine@piefed.ca to Canada@lemmy.caEnglish · 3 days ago
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Airport privatization will cost Canadians, warns CLC | Canadian Labour Congress
canadianlabour.ca
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Statement from Lily Chang, Secretary-Treasurer of the Canadian Labour Congress: “Private investors don’t put billions into airports unless they expect to make billions back. The government is pointing to Australia as its model, and we’ve already seen the results there: higher costs for passengers and airlines, pressure on workers, and more airport revenue flowing to private investors. Canada’s airports are already productive public assets, generating approximately $525 million a year in revenue for the federal government. Giving private investors long-term concessions means trading away decades of that value for cash today. In the middle of a trade war, handing profitable...
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  • Canaconda@lemmy.ca
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    3 days ago

    Not the ones who already couldn’t afford to fly. /s

    • grte@lemmy.ca
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      3 days ago

      It’ll probably still cost them when we inevitably have to bail out these necessary services.

      • Canaconda@lemmy.ca
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        3 days ago

        Death and taxes /s

        • BillyTheKid2@lemmy.ca
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          3 days ago

          No /s needed

      • scrodumb@lemmy.ca
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        3 days ago

        Why bailout when we can re-nationalize. They had a chance, failed, fuck em.

        • codydodd@lemmy.ca
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          3 days ago

          Canadian courts usually side on nationalization requiring market rate payment so this is still going to be a bailout for international investors. Smh

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