Park 'N Fly Airport Parking
| Company type | Subsidiary |
|---|---|
| Industry | Parking |
| Headquarters | 5905 Campus Road, |
Area served | Canada |
Key people | Carlo Marrello, CEO |
| Owner | CK Hutchison Holdings |
| Website | www |
Park'N Fly Airport Parking, also known as Park'N Fly, is a Canadian airport parking operator based in Mississauga, Ontario.[1] It is the largest and only national operator for off-airport car parks in Canada.[2] [3] Park'N Fly is currently owned by CK Hutchison Holdings, a conglomerate in Hong Kong.[4] [5]
History
[edit ]Park'N Fly began its business operations in Canada.[2] It is the largest Canadian operator of off-airport car parks, providing 22,400 car parking spaces over 180 acres of land.[3] [6]
In May 2014, Park'N Fly was acquired by two subsidiaries of Hutchison Whampoa.[7] The joint venture allocated ownership between Cheung Kong Holdings and Cheung Kong Infrastructure, both controlled by Hong Kong business magnate Li Ka-shing. As part of the agreement, each party holds a 50% interest in the assets of Park'N Fly.[8] This agreement also included the licensing rights of its brand name to Halifax International Airport Authority, which started since 2005.[9] The transaction was estimated to be worth 397ドル.5 million in Canadian currency (366ドル million US).[10] Prior to the acquisition, Park'N Fly was previously owned by BRL Realty, RNE Realty and Park'N Fly Partnership.[11]
The acquisition was officially finalized in July 2014.[12] [13] Subsequently, Carlo Marrello became the new CEO of Park'N Fly.[14] [15]
Locations
[edit ]Park'N Fly offers economy, self-park and valet parking services at seven major airports in Canada, including the cities of Vancouver, Edmonton, Winnipeg, Toronto, Ottawa, Montreal and Halifax. All parking locations are offsite and near the major international airports in Canada.[8] [16]
- Vancouver International Airport
- Edmonton International Airport
- Winnipeg International Airport
- Toronto Pearson International Airport
- Ottawa International Airport
- Montréal–Pierre Elliott Trudeau International Airport
- Halifax Stanfield International Airport
References
[edit ]- ^ "Ontario firm acquires airport parking provider". Winnipeg Free Press. 2016年12月01日. Retrieved 2019年02月06日.
- ^ a b "Hong Kong investor group acquires Park'N Fly business". Lexpert Magazine. November/December 2014. 2014年07月25日.
- ^ a b "Li Ka-shing's CKI expands airport parking footprint in Canada". South China Morning Post. Retrieved 2018年03月18日.
- ^ "Billionaire Li's units to buy Canada assets for C347ドル.6 m". Macau Daily Times. 2014年05月29日. Retrieved 2019年02月06日.
- ^ "CK Hutchison Holdings Limited - Our Businesses > Infrastructure". www.ckh.com.hk. Retrieved 2018年06月22日.
- ^ "CKI-led Joint Venture" (PDF). Retrieved 2019年02月06日.
- ^ "Hutchison says CKI venture to buy Canada off-airport parking firm for 366ドル mln". Reuters. 2014年05月27日. Retrieved 2019年02月06日.
- ^ a b "Li-controlled companies buy Canadian parking firm for HK2ドル.48b". South China Morning Post. Retrieved 2018年03月18日.
- ^ "Halifax Stanfield International Airport Economic Impacts 2007" (PDF). Halifax Stanfield International Airport. Retrieved 2019年02月06日.
- ^ "Li Ka-shing firms buy Canadian parking lot operator". EJ Insight. 2019年05月29日. Retrieved 2019年02月06日.
- ^ "Archived — Decisions — June 2014". Government of Canada. Retrieved 2019年02月06日.
- ^ "Monthly report of concluded merger reviews". Government of Canada. 25 April 2005. Retrieved 2019年02月06日.
- ^ "Hong Kong's Li Ka-shing to buy Britain's O2: reports". The Business Times. 2015年01月23日. Retrieved 2019年02月06日.
- ^ "Cheung Kong Infrastructure (1038:Stock Exchange Of Hong Kong Limited)". Bloomberg. Retrieved 2019年02月06日.
- ^ "CK Infrastructure Holdings Ltd (CKISY.PK)". Reuters. Retrieved 2019年02月06日.
- ^ "誠哥做加拿大「泊車仔」 收購機場代客泊車業務". 香港01. 2016年10月04日. Retrieved 2019年02月06日.
