As discussions surrounding the potential privatization of Canadian airports gain momentum, Deborah Flint, CEO of the Greater Toronto Airports Authority, staunchly advocates for the existing public ownership model of Toronto Pearson International Airport. Flint believes this framework has effectively supported the airport’s growth and operational efficiency, while also keeping the door open for private-sector investments that could enhance its capabilities.
A Proven Framework
In a recent interview, Flint expressed her alignment with the federal government’s objective of increasing the capital value of Pearson. She highlighted the significant expansion the airport has experienced over the past three decades, stating, “There have been many strong suits about this model. When we think about how much the airport has grown in the 30 years since this model began, it’s pretty incredible.”
Passenger numbers surged to 47.3 million in 2025, nearly doubling from 24.7 million in 2003. Flint pointed out that the airport facilitated an average of more than 950 flights daily, connecting to over 200 destinations—an impressive increase from around 165 in 2012.
Flint noted that the current ownership arrangement, where federal government retains ownership while not-for-profit authorities oversee operations, already represents a form of privatisation. “That’s a bespoke model, and what might come in the future would be further enhancements of this bespoke model,” she remarked.
Government’s Shift Towards Privatisation
The Canadian government’s recent economic update hinted at a shift in its approach to airport management. With commercial airports paying approximately $525 million in annual rent to Ottawa, officials are exploring alternative ownership models that could unlock their full potential in the interest of long-term national growth.
Prime Minister Mark Carney has been vocal about the need to reassess the ownership structure of airports. “We will look at options for the airports so they better serve Canadians, and so that the capital that is tied up in those airports can be redeployed potentially in other ventures that will grow our economy,” he told reporters in Mirabel, Quebec, last week.
This potential pivot towards privatization has raised concerns among airlines. Industry voices fear that private ownership could lead to increased landing and terminal fees, which would ultimately burden travellers. Former National Airlines Council of Canada CEO Massimo Bergamini previously dismissed the notion of privatization as lacking demonstrable benefits for passengers and airlines alike.
Major Upgrades on the Horizon
Despite the uncertainty surrounding ownership models, Pearson Airport is poised to embark on a significant multi-billion-dollar upgrade. The ambitious revitalisation project aims to increase passenger capacity by over a third, targeting an annual throughput of 65 million by the early 2030s.
The first phase of this $3 billion project involves extensive improvements, including repaved runways, upgraded lighting systems, and enhanced electric vehicle charging infrastructure. Flint underscored the importance of these renovations, framing them as essential for fostering global trade and elevating passenger satisfaction. “The demand is there today,” she asserted. “Airports are so important to the country and its strategy of being more connected to new trade partnerships.”
Following the chaotic travel experiences of 2022, which saw long queues and overwhelmed facilities, this investment comes as a response to increasing post-COVID-19 demand. With federal infrastructure funding contributing $142 million to the project, Pearson is positioning itself to handle the anticipated surge in traffic effectively.
Why it Matters
The future of airport management in Canada hangs in the balance as discussions of privatization unfold. The outcomes of these deliberations could significantly impact not only the operational landscape of Pearson and other airports but also the affordability and accessibility of air travel for Canadians. As the government weighs the benefits of private investment against the proven success of the current model, the decisions made in the coming months will shape the trajectory of Canadian aviation for years to come.
