Halifax Stanfield International Airport (HSIA) and its related industries generated an estimated C$1.2 billion for the Nova Scotia economy in 2009, according to a new economic impact study released today.
The airport created the equivalent of 5,900 full-time jobs last year with resident companies IMP Group, Air Canada, and Air Canada Jazz, providing an estimated 60% of the total.
The study, conducted by consultants Chris Lowe Planning and Management Group, notes that since operational transfer of the airport from federal government control in February 2000, Halifax International Airport Authority (HIAA) and airport tenants have contributed over C$400 million in renovation and new construction impacts, generating some 7,090 full-time equivalent construction-related jobs and $253 million in wages and salaries.
These projects represent over 70% of airport-related capital improvements in Atlantic Canada.
"Together, all our airport businesses have a tremendous impact on Halifax and the province as an economic generator and growth enabler," says Tom Ruth, president and CEO of HHIA.
"Even during challenging economic times, the results of this study demonstrate the important role the airport plays as an employer and contributor to the Nova Scotia economy," he adds.
By Oliver Clark
