TORONTO, Oct. 16 /CNW/ - The Greater Toronto Airports Authority (GTAA) is
pleased to announce a reduction in fees charged to airlines for all services
as of January 1, 2008. Landing fees will be reduced by 3.1% and terminal
charges will be reduced by 4.7%.
"This is fantastic news for our airline partners," said Lloyd McCoomb,
President and CEO of the GTAA. "By pricing Toronto Pearson more competitively
we are able to decrease the cost of doing business, which is good for
airlines, good for passengers and good for the region."
Mr. McCoomb gave high praise to employees of the GTAA for their ideas to
increase revenue and efficiencies. "The people that keep this airport running
have stepped up and shown initiative in suggesting ways to make Toronto
Pearson more competitive. We are proud of all of their work, and are pleased
to pass the savings on to the airlines."
The GTAA will continue to work to make Toronto Pearson competitive
through cost containment, revenue generation and by working with air carrier
Landing fees are charged to the airlines to operate at Toronto Pearson,
the busiest in Canada. Terminal charges are set to cover the operating costs
for the common areas in the passenger terminals.
The GTAA is the non-share, not-for-profit authority that operates Toronto
Pearson. All revenue generated by the GTAA is reinvested back into the
airport. In 2006, 31 million passengers travelled through Toronto Pearson.
For further information:
For further information: Scott Armstrong, Manager, Media Relations (416)