Ongoing Operations Contribute $1.9 Billion to Canada's GDP annually
RICHMOND, BC, May 12 /CNW/ - Today, at its Annual Public Meeting, Vancouver Airport Authority
released the results of its recent Economic Impact Assessment Report
that highlights how operations at Vancouver International Airport (YVR)
financially benefit the communities it serves.
In 2010, YVR provided more than 23,600 direct jobs-or $1 billion in
wages-for a direct impact of $1.9 billion to the national economy in
terms of gross domestic product (GDP). The study demonstrates the
significant economic contribution of YVR to the community, province and
country and underscores the importance of Vancouver Airport Authority's
aggressive plan to grow international traffic.
"I am extremely proud of what YVR has accomplished in one of the most
important years in British Columbia's history," said Mary Jordan, Chair
of Vancouver Airport Authority. "As we look to the future, we're
focused on building on that Olympic success to promote YVR as a premier
North American gateway that contributes to the financial health of our
community and country."
YVR's Asia-Pacific gateway strategy includes a goal to double
international air service in the next five years, build connectivity by
reducing connection times for passengers travelling through YVR en
route to other destinations, and work with various levels of government
and business partners to encourage traffic growth.
"That 2010 was an exciting and successful year for YVR is undeniable,
but we do have challenges ahead as we strive to grow B.C.'s
connectivity to the world and the economic benefits associated with air
service links around the globe," said Larry Berg, President and CEO.
"As new long-range aircraft extend carriers' reach into North America,
competition is increasing amongst other airports vying for gateway
status. It is therefore critical that we continue to do everything we
can to maintain and grow our international routes."
Highlights of the Annual Report were also presented at the Annual Public
Meeting and showcased the volume of passengers and cargo that moved
through YVR in 2010. In total, 16.8 million passengers were served,
with 255,000 take-offs and landings occurring on YVR's two parallel and
one cross-wind runway; seaplane and helicopter movements bring that
total up to 293,000. March 1, 2010 was the busiest day in YVR's
history, with 37,000 passengers departing on the day after the Olympic
closing ceremonies. Meanwhile, the Airport Authority's continued
commitment to improving the YVR experience was recognized by passengers
with a best-ever average customer satisfaction rating of 90 per cent.
The Annual Public Meeting also saw the departure of four members of the
Vancouver Airport Authority's Board of Directors. Chair Mary Jordan
acknowledged and thanked Graham Clarke, Rhys Eyton, Philip Owen and
John Watson for their many years of service to the Airport Authority.
The full 2010 Annual and Sustainability Report, highlights of the 2010 Economic Impact Assessment Report and video coverage of the Annual Public Meeting are available at www.yvr.ca.
About Vancouver Airport Authority
Vancouver Airport Authority is a community-based, not-for-profit
organization that operates Vancouver International Airport (YVR).
Canada's second busiest airport, Vancouver International Airport (YVR)
served 16.8 million passengers in 2010 and handled more than 293,000
aircraft landings and take-offs. Sixty-eight airlines serve YVR,
connecting people and businesses to 121 destinations in Canada, the
U.S. and around the world. The Airport Authority is committed to
creating an airport that British Columbia can be proud of: a premier
global gateway, local economic generator and community contributor.
SOURCE Vancouver Airport Authority
For further information:
YVR Media Relations
www.yvr.ca Twitter: @yvrairport