Canada pension funds permitted to invest in Canadian airports, but it will be no easy ride

Canada pension funds permitted to invest in Canadian airports, but it will be no easy ride

Canada has operated its unique 'not for profit' stakeholder board system, that is mainly run by the public sector to manage its airports, since the 1990s. It has its admirers and its detractors, both within and outside Canada. One thing that system does not support, to the level it might, is the profit motive. But the airports have to turn a substantial profit on their operations to pay hefty ground rents to the government - which bases them on …

The boards of the General Pension Fund and the Lífsverk Pension Fund have signed a letter of intent to begin formal discussions on a possible merger of the funds.