IATA calls on Canada to eliminate crown rents not privatize airports

The International Air Transport Association (IATA) has asked the Canadian Government to improve the competitiveness of its aviation sector by prioritizing the elimination of Crown Rents over consideration of airport privatization. “The Canadian government has already pocketed about C$5 billion as the historical landlord of airport property. That’s a C$5 billion disincentive to travel, to visit this wonderful country or to plan a business trip. Eliminating Crown Rents would boost Canada’s GDP by over C$300 million annually, create more than 4,000 jobs and generate an additional C$111 million in tax receipts. This should be the priority,” said Alexandre de Juniac,