Saint John Airport is described as being in a strong financial position despite revenue being flat last year with a small decrease in the number of passengers.
The Airport doesn’t have any long-term debt but that could change according to C-E-O Derrick Stanford with work having to be done on the runways.
Stanford says extending an airport runway by a thousand feet to accommodate the new generation of aircraft will cost an estimated $20 million.
Repaving alone will cost something like 3 or 4 million.
Stanford says the runways should be alright until the end of 2021 according to the latest inspection.
