Air Canada commends GTAA for fee reduction

October 16, 2007

Air Canada President and Chief Executive, Montie Brewer, today commended the Greater Toronto Airports Authority (GTAA) for reducing landing fees and terminal charges at its operational hub, The Lester B. Pearson International Airport.

"Air Canada is pleased by today's announcement that the GTAA is cutting fees at Toronto airport and we commend the authority for finding savings and alternative revenue sources. Anything that reduces the cost of operating at an airport will translate into increased service for the community. Airports are catalysts for economic growth," said Mr. Brewer.

"Air Canada now asks the Federal Government to follow the GTAA's example by reducing the rents it charges airports each year. Ottawa has collected more than $2 billion in rent from the country's airports even though this is a regressive tax that stifles Canada's economy by discouraging the expansion of air services."

Air Canada and Air Canada Jazz operate 720 daily arrivals and departures from Toronto serving more than 165 destinations. Air Canada provides scheduled and charter air transportation for passengers and cargo to more than 170 destinations on five continents. Canada's flag carrier is the 14th largest commercial airline in the world and serves 32 million customers annually with a fleet consisting of 335 aircraft. Air Canada is a founding member of Star Alliance, providing the world's most comprehensive air transportation network.

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