'Prime location': New aviation hub lands at Calgary International Airport
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Formation of the hub, called YYC AeroNex, comes as labour shortages are expected in Canada's aviation sector over the next decade, brought on by industry growth and an aging workforce.
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Making up a portion of hundreds of millions in new investment into the Calgary International Airport, the YYC AeroNex hub will keep more components of the aviation industry in the city.
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'We're not having to send these engines thousands of miles away, waiting months and months for them to come back . . . the turnaround times are a lot quicker,' Bachart told Postmedia on Monday.
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Calgary Airports is responsible for the management, development, and operation of the Calgary International Airport and Springbank Airport.
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YYC AeroNex will include four major projects, of which three have yet to be announced. A total of $344 million will be contributed to the program, with funding split between the Canada Infrastructure Bank and loans from commercial banks.
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A groundbreaking ceremony is scheduled for Wednesday for the Lufthansa project, which is expected to open in 2027.
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Once complete, it will provide maintenance, repair and overhaul services, and serve as a test facility for Leap 1A and 1B engines for Boeing 737 MAX and Airbus 320neo aircraft.
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Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account Under several trade agreements — chief among them, the Canada-United States-Mexico Agreement (CUSMA) negotiated with the first Trump administration — a large quantity of dairy products enter Canada tariff-free until they reach the tariff rate quota. Under CUSMA, the U.S. can send 49 million litres of milk to Canada every year, before a single drop would have a tariff imposed. And that tariff-free amount is set to continue to grow gradually over the next 13 years. Canada presently has a $520-million dairy trade deficit with the U.S. and American dairy exports to Canada have increased by 67% since 2021, to $877 million in 2024. 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