Pension Funds Invest in Airports

This is a Canada news story, published by financialpost, that relates primarily to the Ontario Teachers’ Pension Plan news.

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Canadian pension plans

financialpost

•

World

Ottawa lays out path for pensions to invest in Canada's airports

Summary

Nutrition label

79% Informative

Transport Canada says pension funds can enter commercial subleases to invest in and develop airport lands with not-for-profit airport authorities across the country.

Airport authorities can also create subsidiaries to encourage pension investment on airport lands.

A third avenue for investment would allow institutional investors to provide subcontracted services for certain aspects of airport operations.

Transport Canada announced a policy statement allowing pension funds to invest in Canadian airports.

Some of Canada ’s largest pensions, such as the Ontario Teachers’ Pension Plan , are accustomed to taking large and controlling stakes in airports in other countries.

The Canadian Airports Council ( CAC ) said the airports have been advocating for greater financial flexibility in their ground leases.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language

English

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not offensive

Hate speech