Hashtag: #AeconSale

Aecon Completes Sale Of 49.9% Of Skyport

Aecon Group Inc. announced the “closing of the previously disclosed agreement with Connor, Clark & Lunn Infrastructure to sell a 49.9% interest in the L.F. Wade International Airport [Bermuda International Airport] concessionaire, Bermuda Skyport Corporation Limited.” “The final sale price was US$120 million following certain closing... Read more of this article

OBA Leader On Premier’s Comments & Skyport

[Updated] Bermuda’s airport “has been used by the PLP as a political wedge to divide Bermudians,” Opposition Leader Cole Simons said, adding that ”Bermuda and the Burt Government should and must celebrate, and embrace the introduction of CC&L as they may bring greater potential for future inward investment opportunities for... Read more of this article

CC&L: Airport Is ‘Resilient, Durable Asset’

“The L.F. Wade International Airport is an excellent example of a resilient, durable asset with potential for growth as passenger traffic recovers in the wake of Covid-19,” Canadian company CC&L Infrastructure said after purchasing a 49.9% interest in Skyport. A statement on their website announced the “acquisition of a 49.9% minority... Read more of this article

Susan Jackson: ‘Govt Should Welcome Them’

The “government should be welcoming them with open arms” as “CC&L is a testament to Bermuda as a vote of confidence in our future” Shadow Transport Minister Susan Jackson said after it was announced that the Canadian company CC&L will purchase 49.9% of Skyport for $128.5 million. Ms Jackson said, “When a prominent... Read more of this article

Premier: Returns Could Have Benefited Bermuda

“It is disappointing that Bermuda’s elected Government and Bermuda’s taxpayers have to sit idly by while foreign companies sell our airport for their own profit,” Premier and Minister of Finance David Burt said, adding that “the only thing the taxpayers will get from today’s sale is a bill on March 31st from Skyport... Read more of this article

Aecon To Sell 49.9% Of Skyport To CC&L

Aecon has entered into an agreement with Toronto-based CC&L Infrastructure to sell a stake in Skyport — which runs Bermuda’s airport — with CC&L Infrastructure to hold a 49.9% interest in the company, with the company noting that “there will be no operational, management, or staff changes at the airport as a result of... Read more of this article