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Citi, Vancouver Airport Authority Team Up

The Vancouver Airport Authority and Citi Infrastructure Investors will pursue the sourcing, funding and maximization of potential airport opportunities via YVR Airport Services Ltd.

CII also will acquire 50% of YVRAS shares; in exchange, YVRAS will become CII’s exclusive platform for investing in airport assets.

 “This is a new chapter in a great made-in-B.C. success story,” says Graham Clarke, chairman of the Vancouver Airport Authority Board of Directors. “In only 12 years, YVRAS has grown from three people and a bold idea into a major airport development company, operating 18 airports in seven countries.”