New CEO and CFO to lead Nieuport Aviation

The aviation infrastructure consortium has appointed a new management team to oversee operations at its newly-acquired passenger terminal at Billy Bishop Toronto City Airport.

After acquiring the passenger terminal at Billy Bishop City Airport in Toronto, Ontario, in January, Nieuport Aviation Infrastructure Partners has appointed Pamela Griffith-Jones as its new chief executive officer and Peter Clermont as chief financial officer.

Previously, Griffith-Jones worked as chief marketing and commercial officer with the Greater Toronto Airports Authority (GTAA), which owns Canada's largest airport – Toronto Pearson International Airport – and as vice president of guest and terminal services. According to her LinkedIn profile, Griffith-Jones joined Nieuport in July.

In addition to her role at Nieuport, Griffith-Jones has also served on the board of trustees for the Sunnybrook Health Services Centre since 2006.

Clermont brings more than 20 years of financial expertise to his position, and most recently worked as director of finance and asset management for investment firm Aquila Infrastructure Management where he managed the firm's portfolio of hydro assets and focused on providing oversight on all assets with regard to asset and risk management practices. Formerly, he worked as vice president of financial operations and vice president of investments with Macquarie Capital Funds Canada.

Clermont has also held the position of director for the Riverbank Power Corporation since May 2012. 

Nieuport is comprised of participating firms including Instar AGF Asset Management  – a joint venture between Instar Group and Canadian investment firm AGF Management –  JP Morgan Asset Management and Kilmer Van Nostrand (a private investment holding company for Toronto businessman Larry Tanenbaum). The consortium acquired Billy Bishop's passenger terminal in January from Porter Aviation Holdings for an undisclosed amount. 

Built in 2010, the airport is Canada's ninth-biggest, and services the more than 6.6 million residents who live within a one-hour drive, generating roughly C$1.9 billion (€1.3 billion; $1.5 billion) in total annual economic impact, supporting 5,700 direct and indirect jobs, as previously reported by Infrastructure Investor. 

In July, the airport's accessibility was greatly expanded by the completion of the public-private partnership (PPP; P3) which delivered a pedestrian tunnel that connects the island airport to the city of Toronto. Previously, the airport was only accessible by ferry.