Passenger fees to rise $10 per ticket at Regina airport
RAA leadership said the increase is directly related to fund capital investments, but added that losses incurred during the pandemic, rising interest rates and inflation are also affecting finances.“Our airport is about to undertake a significant investment in our main runway through an overlay project valued at about $26.7 million,” said RAA president and CEO James Bogusz.
“This project is half funded by the federal government but the airport authority will have to raise its own half. In totality the airport’s debt will be set at around $50 million based on previous investments from past years. Now we’re in recovery mode. To afford all of this we have to increase our fee.”This is first increase to the passenger fee since 2012, Bogusz says.
“During the pandemic and in the last five years we have not raised our fees a single dollar. We really needed the fee increase, but because we wanted to see airlines come back to our city, we held the line. We took the hard road. We had to reduce our staff, defer capital projects and reduce our expenses.”
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