Cornwall Regional Airport Development Opportunity Assessment June 2017 Nicolas Plante Partner T +1 514-954-4633 E
[email protected] Louise Leclerc Senior Manager T +1 514-390-4165 E
[email protected] Jérôme Côté Senior Consultant T +1 514-878-2692, ext.2322 E
[email protected] Anne Julie Goupil Analyst T +1 514-878-2692, ext. 2391 E
[email protected] © 2017 Raymond Chabot Grant Thornton LLP | Cornwall Regional Airport Development Opportunity Assessment | June 2017 Contents Section Page 1. Executive Summary 4 2. Introduction 7 3. Context 11 4. Market Trends and Opportunities 16 5. Governance Review 31 6. Financial and Operational Assessment 40 7. Recommendations 56 Appendices A. Airport benchmarking 61 B. Stakeholder interviews 67 C. Potential customer interviews 68 D. Required take-off length per type of aircraft 69 E. NAV Centre / OAS project 70 © 2017 Raymond Chabot Grant Thornton LLP | Cornwall Regional Airport Development Opportunity Assessment | June 2017 2 Private and Confidential June 20, 2017 Raymond Chabot Grant Thornton & Co Mr. Leslie O'Shaughnessy Mr. Ian McLeod LLP Mayor Mayor Suite 2000 National Bank Tower City of Cornwall Township of Glengarry 600 De La Gauchetière Street West 360 Pitt Street 6 Oak Street Montréal, Québec H3B 4L8 Cornwall, Ontario K6J 3P9 Lancaster, Ontario K0C 1N0 T +1 514 878 2691 F +1 514 878 2127 www.rcgt.com Dear Sirs, Subject: 287174-001 – Development Opportunity Assessment We are pleased to present our report in connection with the above- Should you require any additional information, please feel free to contact mentioned matter.