Annual Public Meeting - 2008 posts historical growth

    QUEBEC CITY, April 27 /CNW Telbec/ - For Aéroport de Québec, 2008 was a
year of continued expansion during which the "Passenger First" philosophy was
fully implemented. The 2008 Annual Report unveiled this morning at the public
meeting capped an historical year with the completion of the terminal
modernization project on time and on budget, a +16.6% traffic growth and a
significant increase in the services, flights and destinations offered.
    "I am very proud to see how the people of this region embraced our common
goal to build an airport which has become a major economic force. New
infrastructures have increased capacity as well as our ability to offer more
services and attract and retain carriers to the benefit of all passengers. Our
performance in 2008 proves beyond any doubt that this large-scale project gave
the organization and the region a renewed sense of vitality", said Gaetan
Gagné, Chairman of the Board.

    A Remarkable Year

    2008 saw significant growth and the results speak for themselves, with a
$9,589,317 surplus over expenses or a 10.5% increase over the previous year.
As the organization is a nonprofit, non-trading company, all surpluses are
reinvested in airport infrastructure aimed at enhancing passenger services. In
terms of traffic, Aéroport de Québec reached the historical milestone of one
million passengers 8 years ahead of forecast.
    Transborder and international traffic increased significantly, rising 13%
and 44% respectively over the previous year. In fact, international traffic
has soared 82% since 2006. This remarkable growth is partly due to the
addition of flights to southern destinations. Four carriers also added new
routes, namely Corsair to Paris-Orly, Westjet to Toronto, United to Chicago,
and Porter to Toronto Center and Halifax. Many other carriers expanded
existing service to meet rising demand, including Air Canada Jazz to Montreal
and Toronto, Continental to New York and Cleveland, Delta to Detroit, as well
as Sunwing, Canjet, Aéromexico and Air Transat to many destinations in the
Caribbean and the South. Finally, over 40,000 additional passengers attending
celebrations surrounding Quebec City's 400th anniversary contributed to this
increased traffic.
    "This exceptional growth is above all a team accomplishment resulting
from sustained efforts to expand the services offered and increase the
attractiveness of the new facilities. Our performance in 2008 speaks to our
commitment to ensure that the airport experience meets passengers' highest
expectations", said Pascal Bélanger, President and Chief Operating Officer.
    Leveraging on this sustained growth Aéroport de Québec is determined to
keep expanding to reach the ultimate goal of ensuring passenger satisfaction.
Many projects are on the table, including the expansion of international
arrivals and preclearance, as well as in the longer term a new multilevel,
covered parking and a de-icing center. "Despite the current economic climate
and all the challenges it entails, we see a bright future ahead for us. We
plan on being a major driving force of economic growth in Quebec City for many
years to come", concluded the President and COO.

    Since November 1st, 2000, Aéroport de Québec inc. has been responsible
for the management, operation, maintenance, and development of Aéroport
international Jean-Lesage. Over twelve carriers offer service to North
American, South American and European destinations, including more than 50
direct, non stop, daily flights to major hubs in Eastern Canada and the United
States such as Montreal, Ottawa, Toronto, New York, Cleveland, Detroit and
Chicago, and over 30 chartered flights to international destinations including
Paris, Nantes and holiday destinations in the South.

For further information:

For further information: Claude Lussier, (418) 640-2700, ext. 2690,
Cell: (418) 554-7765

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