Divesting YYC will benefit taxpayers
The Calgary International Airport
WINNIPEG, MB, December 18, 2020 – The Frontier Centre for Public Policy has just released Grounded in More Ways Than One: A Valuation & Strategic Appraisal of the Calgary International Airport by Ian Madsen, a senior policy analyst with the Frontier Centre. This paper conducts an in-depth valuation and strategic appraisal of the Calgary International Airport, using an intrinsic value method and market-based valuation system.
YYC is the airport serving the Calgary area, which is ultimately owned by the federal government. Not surprisingly, in its current state the airport has suffered huge losses due to the Covid-19 pandemic. This valuation explores different scenarios to reduce YYC’s debt and increase its profitability, overall benefiting the citizens and taxpayers of Calgary. Government ownership of a company exposes citizens and taxpayers to the unnecessary risks of economic and technological trends. In fact, there are several airports around the world that are privately-owned which fare much better.
The Frontier Centre for Public Policy is an independent, non-profit organization that undertakes research and education in support of economic growth and social outcomes that will enhance the quality of life in our communities. Through a variety of publications and public forums, the Centre explores policy innovations required to make the prairies region a winner in the open economy. It also provides new insights into solving important issues facing our cities, towns and provinces. These include improving the performance of public expenditures in important areas such as local government, education, health and social policy. The author of this study has worked independently and the opinions expressed are therefore their own, and do not necessarily reflect the opinions of the board of the Frontier Centre for Public Policy.
Contact: Frontier Centre for Public Policy
203 – 2727 Portage Avenue, Winnipeg, Manitoba R3J 0R2