Canada's Porter Aviation Holdings – the parent of Porter Airlines (P3, Toronto Billy Bishop City Centre) – and Macquarie Asset Management (MAM) have formed a new company to develop a new passenger terminal at Montréal Metropolitan, scheduled for completion by mid-2025, the parties announced.
YHU Infrastructure Partners (Québec) LP is being formed under joint Porter Airlines and MAM ownership to develop the terminal. Construction will commence in August 2023, and a local management team will operate the facility once completed.
Porter Airlines will be an anchor tenant at the new terminal with routes operated throughout Canada using a combination of 78-seat DHC-8-Q400s and 132-seat E195-E2s. The terminal will also be open to other airlines, but Porter Airlines intends to strengthen its presence at Montréal Trudeau Airport.
"The YHU transformation will increase the airport capacity of the Greater Montréal Area and consolidate regional air service in Québec," commented Montréal Saint-Hubert Airport Chief Executive Officer Yanic Roy.
The terminal development is modelled after the successful revitalisation of Toronto Billy Bishop City Centre Airport, which Porter Airlines has been a part of for the last 17 years. It will measure 21,000 square metres, with nine bridged aircraft gates, lounge-style seating for all passengers, access to food and beverage concessions, and retail vendors.
"We are excited to expand our investment footprint in the Americas through partnering with Porter to deliver high-quality infrastructure to the Montréal region," commented Macquarie Infrastructure Partners Chief Executive Officer Karl Kuchel.
Macquarie Asset Management is part of Macquarie Group, a diversified financial group listed on the Australian Stock Exchange. Its investment in Montréal adds to MAM's global airport and airport-related infrastructure investments, including in the operators of Quito InternationalM in Ecuador; Bogotá in Colombia; Aberdeen Dyce, Glasgow International, Farnborough and Southampton in the UK; and Cairns and Perth International in Australia.
