GTAA Chief Financial Officer to Retire

    TORONTO, March 9 /CNW/ - Mr. Lloyd McCoomb, President and CEO of the
Greater Toronto Airports Authority ("GTAA"), announced today that Ms. Judy
Fountain, Vice President and Chief Financial Officer, has advised that she
will be retiring from the GTAA effective June 30, 2007. Following the opening
of Pier F in January and the completion of the Airport Development Program,
Ms. Fountain will be leaving with the GTAA well positioned for the future.
    Ms. Fountain joined the GTAA in 1998 and since that time has been
instrumental in the management of its financial activities and accountability.
She was responsible for working with the underwriters, regulators and capital
market specialists to successfully issue over $7 billion in debt issues, while
maintaining solid ratings through various adverse economic and industry
events, such as the 9/11 attacks and the SARs outbreak. Her efforts in the
financial markets, and many other aspects of the GTAA's operations, have
enabled the GTAA to successfully complete its program to redevelop Pearson
    "Ms. Fountain has served the GTAA with distinction and in giving advance
notice of her plans, has ensured that we will have a smooth transition to her
successor," said Mr. McCoomb. "Judy has been a gifted member of our executive
team, and the GTAA has benefited greatly from her professional skills and
strong leadership."

    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,
which was voted the Best Global Airport by the Institute of Transport

For further information:

For further information: Steve Shaw , Vice President, Corporate Affairs,
(416) 776-3803

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