Vancouver International Airport Authority issues private placement of $200-million Series E Debentures

    RICHMOND, BC, Nov. 8 /CNW/ - Vancouver International Airport Authority
today announced that it has agreed to issue a private placement of
$200 million of 5.020% Series E Debentures due November 13, 2015. The private
placement was led by BMO Capital Markets. The distribution is scheduled to
close on or about November 14, 2007.
    The Airport Authority will use a portion of the proceeds of such
placement to repay its Floating Rate Notes, Series C Debentures due
November 14, 2007 and will use the balance of the proceeds for general
corporate purposes and to fund its ongoing capital program.

    About Vancouver International Airport Authority

    The Airport Authority is a community-based, not-for-profit organization
that operates Vancouver International Airport (YVR). Canada's second busiest
airport, YVR expects to welcome 17.4-million passengers in 2007. The Airport
Authority is undertaking a $1.0-billion capital 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 Columbia.

For further information:

For further information: Media Relations: Vancouver International
Airport Authority, (604) 880-9815,,

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