The head of Caisse de Depot et Placement du Quebec said Canadian pension funds are in active talks with the federal government about buying stakes in the nation’s airport network. The discussion signals a shift toward infrastructure‑heavy allocations as pension managers chase stable, long‑term cash flows. Officials have not disclosed which airports are targeted. The talks come as the sector seeks fresh capital after pandemic disruptions.

Investors view airport assets as inflation‑linked revenue streams, given passenger growth and fee structures that rise with traffic. By courting the sector, pension plans hope to diversify away from equities and bonds that have shown volatility. The government, eager to attract private capital, may offer concessions such as longer concession periods or revenue‑share arrangements. Both sides view the arrangement as mutually beneficial.

If talks progress, the partnership could unlock billions in private funding for airport investments, boosting capacity and modernizing facilities. Such an infusion would strengthen Canada’s transport hub status and generate steady returns for retirees. The current dialogue underscores how pension trustees are increasingly treating large‑scale infrastructure as core portfolio holdings.