Edmonton Journal - Lisa Johnson
City council voted Monday to pitch in $9.88 million to urgently help the struggling Edmonton International Airport (EIA) and the region’s economy get off the ground after the COVID-19 pandemic.
The airport’s $15-million “Air Services Opportunities Fund,” proposed in partnership with investment attraction company Edmonton Global, will aim to attract international flights back to the region.
Edmonton Global CEO Malcolm Bruce told council Monday the $15-million investment would be used to promote the airport and work to increase the number of direct international passenger and cargo flights, which in turn would help drive regional economic growth. He added the cash will be used to help offset the cost of establishing flights for airlines with the goal to make more routes self-sustaining.
