Park'N Fly Airport Parking, also known as Park'N Fly, is a Canadian

airport parking Parking is the act of stopping and disengaging a vehicle and usually leaving it unoccupied. Parking on one or both sides of a road is often permitted, though sometimes with restrictions. Some buildings have parking facilities for use of the bu ...

operator based in

Mississauga Mississauga is a Canadian city in the province of Ontario. Situated on the north-western shore of Lake Ontario in the Regional Municipality of Peel, it borders Toronto (Etobicoke) to the east, Brampton to the north, Milton to the northwest, ...

Ontario Ontario is the southernmost Provinces and territories of Canada, province of Canada. Located in Central Canada, Ontario is the Population of Canada by province and territory, country's most populous province. As of the 2021 Canadian census, it ...

. It is the largest and only national operator for off-airport car parks in

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

. Park'N Fly is currently owned by

CK Hutchison Holdings CK Hutchison Holdings Limited () is a Hong Kong–based and Cayman Islands–registered multinational conglomerate corporation. The company was formed in March 2015 through the merger of Cheung Kong Holdings and its main associate company Hutc ...

, a conglomerate in

Hong Kong Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the wor ...

History

Park'N Fly began its business operations in Canada. It is the largest Canadian operator of off-airport car parks, providing 22,400 car parking spaces over 180 acres of land. In May 2014, Park'N Fly was acquired by two subsidiaries of

Hutchison Whampoa Hutchison Whampoa Limited (HWL) was an investment holding company based in Hong Kong. It was a Fortune Global 500 company and one of the largest companies listed on the Hong Kong Stock Exchange. HWL was an international corporation with a dive ...

. The

joint venture A joint venture (JV) is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance. Companies typically pursue joint ventures for one of four reasons: to acce ...

allocated ownership between

Cheung Kong Holdings Cheung Kong (Holdings) Limited, is a multinational conglomerate, based in Hong Kong. It was one of Hong Kong's leading multi-national conglomerates. The company merged with its subsidiary Hutchison Whampoa on 3 June 2015, as part of a ma ...

and Cheung Kong Infrastructure, both controlled by Hong Kong business magnate

Li Ka-shing Sir Ka-shing Li (; born 29 July 1928) is a Hong Kong billionaire business magnate, investor, and philanthropist. He is the senior advisor for CK Hutchison Holdings and CK Asset Holdings, after he retired from the Chairman of the Board in May ...

. As part of the agreement, each party holds a 50% interest in the assets of Park'N Fly. This agreement also included the

licensing A license (American English) or licence ( Commonwealth English) is an official permission or permit to do, use, or own something (as well as the document of that permission or permit). A license is granted by a party (licensor) to another par ...

rights of its brand name to

Halifax International Airport Authority The Halifax International Airport Authority (HIAA) is a Canadian airport authority charged with operating Halifax Stanfield International Airport on behalf of Transport Canada. The HIAA was established in November 1995 in advance of changes to t ...

, which started since 2005. The transaction was estimated to be worth $397.5 million in Canadian currency ($366 million US). Prior to the acquisition, Park'N Fly was previously owned by BRL Realty, RNE Realty and Park'N Fly Partnership. The acquisition was officially finalized in July 2014. Subsequently, Carlo Marrello became the new

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

of Park'N Fly.

Locations

Park'N Fly offers economy, self-park and valet parking services at seven major airports in Canada, including the cities of

Vancouver Vancouver is a major city in Western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the cit ...

Edmonton Edmonton is the capital city of the Provinces and territories of Canada, Canadian province of Alberta. It is situated on the North Saskatchewan River and is the centre of the Edmonton Metropolitan Region, which is surrounded by Central Alberta ...

Winnipeg Winnipeg () is the capital and largest city of the Provinces and territories of Canada, Canadian province of Manitoba. It is centred on the confluence of the Red River of the North, Red and Assiniboine River, Assiniboine rivers. , Winnipeg h ...

Toronto Toronto ( , locally pronounced or ) is the List of the largest municipalities in Canada by population, most populous city in Canada. It is the capital city of the Provinces and territories of Canada, Canadian province of Ontario. With a p ...

Ottawa Ottawa is the capital city of Canada. It is located in the southern Ontario, southern portion of the province of Ontario, at the confluence of the Ottawa River and the Rideau River. Ottawa borders Gatineau, Gatineau, Quebec, and forms the cor ...

Montreal Montreal is the List of towns in Quebec, largest city in the Provinces and territories of Canada, province of Quebec, the List of the largest municipalities in Canada by population, second-largest in Canada, and the List of North American cit ...

and Halifax. All parking locations are offsite and near the major international airports in Canada. *

Vancouver International Airport Vancouver International Airport is an international airport located on Sea Island (British Columbia), Sea Island in Richmond, British Columbia, Richmond, British Columbia, serving the city of Vancouver and the Lower Mainland region. It is lo ...

Edmonton International Airport Edmonton International Airport , officially branded YEG Edmonton International Airport since 2022, is the primary air passenger and air cargo facility in the Edmonton Metropolitan Region of the Provinces and territories of Canada, Canadian pro ...

Winnipeg International Airport Winnipeg James Armstrong Richardson International Airport (commonly known as Winnipeg International Airport or Winnipeg Airport) is an international airport located in Winnipeg, Manitoba, Canada. It is the seventh busiest airport in Canada ...

Toronto Pearson International Airport Toronto Pearson International Airport is an international airport located in Mississauga, Ontario, Canada. It is the main airport serving Toronto, its metropolitan area, and the surrounding region known as the Golden Horseshoe. Pearson is the ...

Ottawa International Airport Ottawa is the capital city of Canada. It is located in the southern Ontario, southern portion of the province of Ontario, at the confluence of the Ottawa River and the Rideau River. Ottawa borders Gatineau, Gatineau, Quebec, and forms the cor ...

* Montréal–Pierre Elliott Trudeau International Airport *

Halifax Stanfield International Airport Halifax Stanfield International Airport is a Canadian airport in Goffs, Nova Scotia, a rural community of the Halifax Regional Municipality. It serves the Halifax region, mainland Nova Scotia, and adjacent areas in the neighbouring Maritime p ...

References

External links

* Companies based in Mississauga Parking companies CK Hutchison Holdings {{Canada-transport-company-stub