Airport Authority Lowers Landing Fees for International Flights
RICHMOND, B.C., Jan. 31 /CNW/ - Vancouver International Airport Authority
is reducing landing fees charged to airlines operating international passenger
and cargo flights into Vancouver International Airport (YVR). The new rates,
effective January 1, 2007, bring international fees in line with domestic
fees, which will remain the same, making YVR's international landing fees the
lowest of all major Canadian airports.
"We are pleased to pass along substantial cost savings to our airline
customers, and we anticipate that this will encourage additional international
carriers to fly into YVR in the near future," said Larry Berg, President and
CEO, Vancouver International Airport Authority.
The cost savings to carriers are substantial, particularly with larger
and heavier aircraft. For example, cargo operators using Boeing 747 freighters
on international routes will pay 32% less in landing fees in 2007 than they
paid in 2006. Similarly, airlines operating passenger flights from the U.S.
using Boeing 747, Boeing 777 and Airbus 320 aircraft will see year-over-year
cost savings of 10%, 9% and 6%, respectively.
The decision by the Airport Authority addresses stipulations in Open
Skies agreements, such as the one between Canada and the United States, that
require airports to equalize domestic and international landing fees.
"With YVR's strong financial position, the decision to reduce
international fees, rather than increase domestic fees, is a strategic move to
help increase Vancouver's competitive advantage and stimulate related growth
and economic benefits for the region," Berg said.
YVR aims to grow its international traffic as part of its strategic goal
to become the premier passenger and trade gateway to the Asia-Pacific. The
Airport Authority's announcement coincides with a commitment by the Canadian
government to further liberalize air policy with its recently announced Blue
About Vancouver International Airport Authority
The Airport Authority is a community-based, not-for-profit organization
that operates Vancouver International Airport (YVR). As Canada's second
busiest airport, YVR expects to welcome 17.5 million passengers in 2007. The
Airport Authority is undertaking a $1-billion construction program that will
ensure the airport meets the growing demand for air travel, and continues to
be developed as a premier global gateway and economic generator for British
For further information:
For further information: Media Relations, Vancouver International
Airport Authority, (604) 880-9815, email@example.com