Retail growth offsets landing fees at Toronto

Nicole Mezzasalma

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Landing fees and terminal charges will be lowered from January 1 2008

The Greater Toronto Airports Authority (GTAA) has announced a reduction in fees charged to airlines using Toronto Lester B Pearson airport from January 1 2008 thanks to increased revenues in retail, advertising and parking, as well as cost savings due to the completion of rebuilding efforts. Landing fees will be 3.1% lower and terminal charges will be reduced by 4.7%.

GTAA president and CEP Lloyd McCoomb said: "This is fantastic news for our airlines. By pricing Toronto Pearson more competitively we are able to decrease the cost of doing business, which is good for airlines, good for passengers and good for the region. The people that keep this airport running have stepped up and shown initiative in suggesting ways to make Toronto Pearson more competitive. We are proud of all of their work, and are pleased to pass the savings on to the airlines."