Annual Meeting announcements include proposal to rename Toronto City
Centre Airport after WWI war hero, preliminary results of TCCA noise
study, and launch of contest to name TCCA ferries
TORONTO, Sept. 3 /CNW/ - This morning's 2009 Annual General Meeting of
the Toronto Port Authority (TPA) will officially kick off a new era for the
TPA, one where the TPA is sustainable, profitable and positioned to be both a
strong partner in the harbour community as well as an important component in
the economic renewal of downtown Toronto.
The annual meeting is one of several opportunities for the TPA to connect
with the community, engage in a constructive dialogue on its operations, and
to discuss the audited financial statements from the previous fiscal year.
"Over the past five years, the TPA has made important strategic
investments in a number of its facilities to provide Toronto families,
travellers and businesses with state-of-the-art transportation services and
recreational facilities. The most important of these moves has been the
revitalization of the Toronto City Centre Airport," said the TPA's Acting
President and CEO Alan Paul.
"Those investments paid off in 2008. For the first time since its
inception in 1999, the TPA reported a net profit, which has continued for the
first six months of 2009. These positive results prove that we are on the
right track in providing the facilities that businesses need and want to help
downtown Toronto recover from the current economic downturn."
The TPA reported net income of $863,000 on revenue of $20.309 million for
the 2008 fiscal year, according to the financial statements audited by
Deloitte and Touche LLP. For the previous year, the TPA reported a loss of
$1.417 million on revenue of $15.188 million.
The 2008 operating profit was driven by the spectacular success of the
Toronto City Centre Airport (TCCA), which reported revenue of $11.020 million,
more than double the $5.119 million in revenue from 2007.
The TCCA's financial performance is a product of the ongoing success of
Porter Airlines. Porter's success is predicated on excellent customer service
on the ground and in the air with its fleet of Toronto-made Bombardier Q400
aircraft. The TCCA saw 508,574 commercial passengers in 2008, up from 262,254
in 2007 and only 22,321 in 2006, the year of Porter's launch. In fact, more
passengers used the TCCA last year than at any other time in the airport's
"The TPA's investments in a new ferry terminal, ferry and other critical
infrastructure has been instrumental in the rebirth and popularity of the
TCCA," said TPA Chairman Mark McQueen. "But most importantly, this successful
enterprise stands out as a beacon of prosperity as downtown Toronto begins to
look past the economic difficulties of the last year. We're pleased that the
TPA and the TCCA are playing a major role in helping downtown businesses
create jobs and positive news for the economy."
Proposal to rename TCCA to the Billy Bishop Toronto City Airport
Canada is currently celebrating its 100th anniversary of powered flight.
The TPA Board of Directors would like to commemorate this occasion by renaming
the TCCA after one of Canada's most celebrated figures, the fighter pilot and
First World War hero Air Marshal William Avery "Billy" Bishop, VC, CB, DSO &
Bar, MC, DFC, ED.
"The Billy Bishop Toronto City Airport would recognize both the past and
the future of Toronto's downtown airport," Mr. McQueen said. "As Canada's
greatest air 'ace', Mr. Bishop is a Canadian hero for the ages, and his ties
to our airport and harbour are strong."
After the First World War, Mr. Bishop and another Victoria Cross
recipient, Billy Barker, ran a flight service from the Toronto harbour to
Ontario's cottage country. During the Second World War, Mr. Bishop also helped
recruit soldiers at the newly built Port George VI Island Airport, and flew
military aircraft in and out of what would become the TCCA.
"I hope that our men and women in uniform will know that by honouring
Canada's most enduring military hero, we are also acknowledging the service of
every Canadian who has worn a military uniform," Mr. McQueen said.
The TPA has advised Transport Canada of the proposal, and has requested
that appropriate steps be taken to effect this name change. Although the Owen
Sound airport is formally termed the "Owen Sound Billy Bishop Regional
Airport" (CYOS), there are currently no commercial carriers operating from
that location, and the addition of the words "Billy Bishop" to the TCCA name
is not expected to confuse pilots. The Toronto City Centre Airport will retain
its CYTZ moniker for use by pilots.
"I am excited by the idea, and our family is honoured by this
recognition," added Arthur Bishop, son of Billy Bishop. Arthur Bishop, a
Toronto-resident, is a best selling military writer. In 1999 he was awarded
the Bear Hickle Award for his contribution to Canadian military history. In
2003 he was named a Guardian Commander of the Canada Veterans Hall of Valour
for his outstanding contributions to the history of Canada's heroes in WWI,
WWII and earlier.
TCCA Noise Management Study
Annual Meeting attendees will also hear about preliminary results of the
Noise Management Study being conducted by Jacobs Consulting Inc., which is
studying the impact of aircraft noise on ambient community noise levels around
The results of this study will be considered by the Noise Management
Study Advisory Group, a TPA-led initiative, made up of residents and City
Councillors from the harbour community. A series of recommendations will be
made to the TPA based upon the data collected. It is expected that these
recommendations will diminish the impact of aircraft noise on the local
Specific key recommendations that are being examined include:
- Investigating the possibility of utilizing noise control barriers at
or near any proposed engine run-up areas or pads;
- Improving aircraft maintenance run-up procedures, including time of
day restrictions, and refining the specific areas designated for such
- Developing additional policies to encourage operators to limit the use
of reverse thrust and adopt other noise mitigation practices without
- Reviewing the feasibility of revisions to designated Noise Sensitive
Areas in order to extend such protections over all of Toronto Islands.
"The TPA is more than just a business enterprise, it is a member of the
harbour community," Mr. Paul said. "We are aware that aircraft noise from the
TCCA has the potential to disturb local residents, and over the past year we
have been working very hard with these residents and local elected
representatives to find ways to mitigate the level of ambient noise that may
exist. But we needed the right data to make the right decisions, and now we
A public meeting to consider recommendations and gain further input from
the community will be announced in the near future. To date, three
consultation sessions have been conducted by the Noise Management Study
Contest to name TCCA passenger ferries
To maintain the efficiency and reliability of the airport ferry system,
the TPA will soon receive a new larger ferry to improve access to the airport
beginning in January, 2010. But the new vessel needs a name, and the TPA is
looking for help from Torontonians. With this initiative, the TPA will also
undertake to rename the existing TCCA-1 ferry. The hope is to capture the
essence of the rich history and exciting future of the TCCA.
"The current ferry is named TCCA-1, and unfortunately, it just doesn't
sing," said TCCA Director Ken Lundy. "The success of the TCCA is a tribute to
the citizens of Toronto, so we're looking for their help in christening and
re-christening our two vessels."
Beginning in mid-September, Torontonians can propose names for the
ferries by logging into our website at www.torontoport.com and on major social
networking sites. They can also email their entry to
email@example.com, making sure to include their name, address and
daytime telephone number. We will keep an up-to-date tally of the most popular
After three weeks, the best suggestions will be chosen by TPA officials
based on popularity, originality and merit. Participants who suggested the
winning name will enter into a draw for some fantastic prizes courtesy of
members of the harbour community.
The 2008 Financial Statements, as well as other documents presented to
the Annual Meeting, can all be found at www.torontoport.com.
The Toronto Port Authority was incorporated on June 8, 1999, as a
government business enterprise under the Canada Marine Act as the successor to
the Toronto Harbour Commissioners. It is a federal public authority providing
transportation, distribution, storage, and terminal handling services to
businesses. The TPA owns and operates the Toronto City Centre Airport, Marine
Terminals 51 and 52, and the Outer Harbour Marina. The TPA also provides
regulatory controls and public works services to enhance the safety and
efficiency of marine navigation and aviation in the port and harbour of
For further information:
For further information: Janet MacDonald, (416) 863-2003