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May 6, 2014

Airport well positioned to support economic development

 

Charlottetown Airport well positioned to support economic development in PEI

[May 6, 2014: Charlottetown] Charlottetown Airport’s strength supporting economic development in Prince Edward Island was the keynote theme today at the annual general meeting of Charlottetown Airport Authority.

In his presentation to stakeholders and the general public attending the meeting, Doug Newson, chief executive officer of the Airport Authority, stated: "When many people think of an airport they think of their southern vacation, weekend getaways, or summer travel. But it is so much more. Our airport connects businesses to the Island and Islanders to the world. Our airport is the front door to economic activity in Prince Edward Island.” 

Newson gave Invesco Canada as one example. Invesco, a global investment management firm, established an office in Charlottetown seven years ago.

"Our city’s infrastructure, including the airport, was a key factor in Invesco deciding to locate here,” said Newson. "They’ve since grown their Charlottetown team from 25 employees to more than 270 people. We wouldn’t have companies like this and the jobs they create in Prince Edward Island without the ease and convenience of air access.”

The Airport Authority continued its strong track record of operations and financial management in 2013. Passenger traffic in 2013 was almost on par with the record setting numbers in 2012. And a year-end surplus of $1.7 million will largely go towards future infrastructure upgrades at the airport.

The major infrastructure project for the Authority in 2013 was a partnership with the City of Charlottetown and the provincial government to construct the new roundabout at the main entryway leading to the airport and do upgrades to the main access road. Over the next ten years, the Authority is forecasting a capital program that reaches close to $30 million to maintain passenger safety and convenience.

"Looking ahead, we are excited about all of the events and activities planned for Prince Edward Island’s 2014 celebrations,” said Shaun MacIsaac, newly appointed chairman of the Airport Authority. "Our airline partners have recognized the momentum in PEI for this year and the expected demand it will create and have responded with increased seat capacity to Charlottetown for the busy summer season.”

This spring and summer there is direct service returning to popular destinations for Islanders. Air Canada will once again offer daily direct service to Ottawa starting June 1 and Delta Air Lines will provide daily direct service to New York’s John F. Kennedy airport from July 1 to September 1.

The 2013 Charlottetown Airport Authority Annual Report is available electronically here.

Click here to find out more about how our Airport supports local businesses and the economy in PEI.