WINNIPEG – January 19, 2010 – On-going operations at Winnipeg James Armstrong Richardson International continues to grow despite industry challenges.

The 2009 Economic Impact Study updates the economic impact of the airport within our community. A previous economic impact study was completed in 2003 and both were prepared for Winnipeg Airports Authority by InterVISTAS Consulting Inc., a leading transportation consulting firm.

"This study confirms the importance of the airport as an economic engine of our community and substantial employer in the province," said Barry Rempel, President & CEO, Winnipeg Airports Authority. In addition to extensive employment, airport operations generate more than $232 million annually in tax revenue to all levels of government each year.

While on-going operations generate jobs and government tax revenues, planned capital investments by Winnipeg Airports Authority of $473 million in infrastructure over the next 5 years will also continue to strengthen the economy.

Winnipeg Airports Authority is a non-share capital corporation responsible for the management and operation of Winnipeg James Armstrong Richardson International Airport and affiliate businesses. All surplus revenue over expenses is reinvested by WAA back into the community, primarily through airport development projects. WAA is self sufficient with taxpayers not directly involved in financing airport site redevelopment which is being paid through Airport Improvement Fees (AIF).

Winnipeg Airports Authority serves our region by providing value to our customers and community. A source of pride for our community, we strive to be a leader in its growth and development.
 

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FURTHER INFORMATION:
Christine Alongi
Director, Communications & Public Affairs
Winnipeg Airports Authority Inc
24 Hour Media Line: 204.992.2791