TORONTO, June 19 /CNW/ - The Greater Toronto Airports Authority (GTAA)
announced today that cargo landing fees at Toronto Pearson, the leading air
cargo gateway in Canada, will be reduced by 25 per cent effective January 1,
2009. This is a positive change that will maintain and enhance Toronto
Pearson's competitiveness with neighbouring jurisdictions and encourage cargo
business to choose Toronto Pearson.
By reducing cargo landing fees, the GTAA aims to enhance the economic
competitiveness of the Greater Toronto Area. Additional cargo business from
carriers taking advantage of this reduction may remove as many as 40,000
trucks per year off Ontario roads - trucks that now travel from the GTA to
airports in New York and Chicago, slowing up the border, causing congestion
and ground-level air pollution. The new fee reduction initiative also includes
provisions that will encourage air carriers to modernize their fleets to
newer, quieter and more fuel-efficient aircraft.
"Maintaining Toronto Pearson's competitiveness is important to our region
and ultimately for Canada's economy," said Lloyd McCoomb, GTAA President and
CEO. "It also signals that we are responsive to the needs of our cargo
"Moving products to market quickly and cost effectively is imperative for
a strong economy here in the GTA and across Canada," added Jim Flaherty,
Canada's Minister of Finance and Minister Responsible for the Greater Toronto
Area. "I applaud the Greater Toronto Airports Authority for taking steps to
reduce their fees at a time when transportation costs are increasing at an
Rated near the top 30 airports worldwide for both passenger and cargo
activity, Toronto Pearson processes more than 45 per cent of Canada's air
cargo, serves a population of more than 5 million, processes $31.7 billion of
goods per year, and moves more than 500,000 tonnes of cargo annually.
The GTAA is the operator of Toronto Pearson International Airport, the
largest airport in Canada and one of the largest airports in North America in
terms of passenger and air cargo traffic.
For further information:
For further information: Scott Armstrong, Manager, Media and
Communications, (416) 776-3709