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The road to recoveryThe road to recovery
2-Apr-2008
Non-aeronautical revenues once represented half of Toronto Lester B Pearson airport’s total earnings, but its recently-completed redevelopment plan restricted the space for retail and caused that share to fall to 25%. Nicole Mezzasalma explores the airport authority’s strategy to restore non- aeronautical revenues to their former glory
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In January 2007 the Greater Toronto Airports Authority (GTAA) concluded a 10-year redevelopment project at Toronto Lester B Pearson airport. While the C$4.4bn ($4.32bn) plan included the construction of roads,
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(9-Nov-2007) - The opening of pier F at Toronto Lester B Pearson airport terminal one boosted revenues by 7.4% in the nine months to September 30
(23-Jul-2007) - The airport has cited retail developments as key factors in its improved earnings for the year to June 30
(17-Aug-2007) - Nearly half of South African authority’s profits come from non-aeronautical sources including retail
(1-Nov-2001) - CANADA. Retailers at terminal three at Toronto Lester B Pearson International airport have been hit hard after carrier Canada 3000 was declared bankrupt last month.
(16-Apr-2002) - CANADA. In one of North America?s biggest concession opportunities, the first phase of Toronto Lester B Pearson International airport?s C$4.4bn ($2.8bn) expansion is to be completed by October 2003.