Edmonton Hopes $10m Investment Will Bring New Routes to EIA for Post-Pandemic Travel

The city of Edmonton is investing CAD $9.88m into the Edmonton International Airport (EIA), in anticipation of post-pandemic travel. The money is meant to account for two-thirds of the new Air Service Opportunities Fund, and the EIA hopes the remaining CAD $5m will come from neighbouring municipalities. In total, the CAD $15m would go toward maintaining existing direct flights, restoring flights that were cancelled during the pandemic, and attracting newly established direct flights. In 2020, the EIA said it recorded a loss of CAD $89.3m and passenger demand fell by 68 per cent compared to 2019. "If we do not protect our airports competiveness and intervene strategically here, with our neighbours," Edmonton Global CEO Malcolm Bruce said before the vote, "air service in the aftermath of COVID will consolidate in Calgary."

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