In 1998 control of the Airport was transferred from Transport Canada to the Greater London International Airport Authority. This not-for-profit corporation is comprised of a Board of Directors representing a diversity of interests and expertise. The Airport is a financially viable business in which profits derived from the operation are put back into the Airport infrastructure or are used to reduce user costs.
London International Airport now ranks as the 12th busiest passenger airport in Canada and the 11th busiest airport as measured by aircraft take-offs and landings. The Airport is home to over 50 businesses and generates an economic impact to the area in excess of $357 million. In terms of employment the Airport and associated businesses employ over 1700 individuals and ranks in the top 10 employers in the London area. From aircraft manufacturing at Diamond Aircraft to fixed wing domestic or international flight training, to jet and piston aircraft maintenance, the London International Airport is a hub for general aviation services in Southwestern Ontario.
Local businesses also rely on London International Airport for their cargo needs. With 24-hour operations, excellent Airport infrastructure, 24-hour Canada Customs on site, outstanding road and rail links - air cargo is a growing and vital component to the Airport operations.
London International Airport is a valuable asset that is recognized by the community as essential to the further development and prosperity of the area. The community has strongly supported the Airport and such groups as the Chamber of Commerce, City Administration, Corporate Travel Council, Tourism London, London Economic Development Commission and the Travel Agency Advisory Group, have joined forces with the Airport to ensure this community asset continues to prosper.
There is a whole new attitude at London International Airport that is defined by an aggressive, confident approach to the future. As an independent airport, it is profitable, the infrastructure current, the community fully supportive and aggressive plans continue to maximize economic advancement and potential.