By Sanford Borins, Professor of Public Management in the Department of Management, University of Toronto-Scarborough
When a firm goes to the government for a bailout, it is universally recognized that it must open its books to public scrutiny. But when Porter Airlines goes to the City of Toronto for authorization to fly jets from Billy Bishop Toronto City Airport (BBTCA) and to pay for infrastructure, because Porter is privately held, there is no requirement that it open its books. Public scrutiny of Porter’s finances and operations should be critical to any decision about whether Porter is allowed to expand its operations by providing jet service from Toronto Island. Let me explain why.
(Editor’s note: Read more, and Sanford Borins lists many more reasons why he does not support Porter.)