TOareaFan
Superstar
There's an intermediate step. Porter moves out of the island to Pearson or shuts down.
You left that bit out in your first description...seemed you were saying we just declare the current operating environment no longer safe but refuse to allow for bringing it to safe standard....you left out that, in that plan, Porter would have already left before that.
There is no more growth potential at Billy Bishop without expansion to popular routes only accessible by jets. Deluce started this airline with the intention of selling it like he has with his other businesses. He's already begun that process by selling the terminal at a healthy profit.
And you don't think the people who bought the terminal building (and assumed the land lease) sought and got some sort of assurances that there would be, you know, an airport running out of that terminal?
.Building the island airport with a jet airline on it while using mostly taxpayer money to finance the infrastructure was a risky bet and he almost got what he wanted. He lost that bet.
Whether he won or lost is for the future to tell us....certainly looks like he lost this particular part about expansion for and allowing quieter planes.....but what part of the airline was built using mostly taxpayer money? what major airport infrastructure? Seems to me investor money built the airline and ticket buyers are providing them with whatever return they are getting and the infrastructure seems to have been financed by user fees.