YQR among 21 Canadian airports to receive rent relief from Ottawa
REGINA -- As airport authorities across the country struggle with the response to COVID-19, the federal government has announced some relief for the Regina International Airport.
Ottawa announced rent payments will be waived until December for 21 Canadian airports. These rent payments normally go directly to the federal government.
"The support will help airports reduce cost pressures and preserve their cash flow as they deal with the effects of COVID-19 on their revenue streams. This will provide relief up to $331.4 million, reflecting payments in the same period of 2018," reads the press release published on Tuesday.
The measures are a component of the governments broader economic plan to mitigate the impacts of COVID-19 on Canadian businesses and the economy at large.
"We recognize the impacts that the COVID-19 pandemic continues to have on people and the economy, and that certain sectors, such as the air transportation industry, have suffered tremendously," said Finance Minister Bill Morneau.
"The support provided today is the next step in Canada’s COVID-19 Economic Response Plan to help workers and businesses get through this unprecedented time of turmoil."
The 21 airport authorities that will receive relief are:
- St. John’s International Airport Authority
- Gander International Airport Authority Inc.
- Halifax International Airport Authority
- Charlottetown Airport Authority Inc.
- Saint John Airport Inc.Greater Moncton International Airport Authority Inc.
- Fredericton International Airport Authority
- Aéroport de Québec Inc.
- Aéroports de Montréal
- Ottawa Macdonald-Cartier International Airport Authority
- Greater Toronto Airports Authority
- Greater London International Airports Authority
- Thunder Bay International Airports Inc.
- Winnipeg Airports Authority Inc.
- Regina Airport Authority
- Saskatoon Airport Authority
- Edmonton Regional Airports Authority
- Calgary Airport Authority
- Prince George Airport Authority Inc.
- Vancouver International Airport Authority
- Victoria Airport Authority
The pandemic has also caused thousands of layoffs in the airline sector.
Starting this week, Air Canada will temporarily lay off 16,500 employees – 15,200 unionized workers and 1,300 managers – a process that will continue through to May.
"To furlough such a large proportion of our employees is an extremely painful decision but one we are required to take given our dramatically smaller operations for the next while," chief executive Calin Rovinescu said in a statement.
WestJet and Transat AT Inc. have also issued mass layoffs.
With files from CTVNews.ca's Sarah Turnbull.