Under Bill C-20's governance model, airport authorities are described as which of the following?

Under Bill C-20's governance model, airport authorities are described as which of the following?

• A. Not-for-profit corporations without share capital
• B. Public-private partnerships
• C. Crown corporations
• D. Private for-profit companies

Answer: (A)

Bill C-20’s governance model treats airport authorities as not-for-profit corporations without share capital. This structure keeps them independent from direct government operation while ensuring they are not owned by private shareholders. Revenues come from user charges, rents, and airport services, with any surplus reinvested in airport infrastructure rather than distributed as profit. The other options don’t fit because a public-private partnership involves private sector profit motives and shared risk with government, Crown corporations are government-owned entities, and private for-profit companies are owned by private shareholders seeking returns.

Bill C-20’s governance model treats airport authorities as not-for-profit corporations without share capital. This structure keeps them independent from direct government operation while ensuring they are not owned by private shareholders. Revenues come from user charges, rents, and airport services, with any surplus reinvested in airport infrastructure rather than distributed as profit. The other options don’t fit because a public-private partnership involves private sector profit motives and shared risk with government, Crown corporations are government-owned entities, and private for-profit companies are owned by private shareholders seeking returns.