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Air Carriers Cleared for Savings at YVR

January 31, 2007

Vancouver International Airport Authority is reducing landing fees charged to airlines operating international passenger and cargo flights into Vancouver International Airport (YVR). The new rates, effective January 1, 2007, bring international fees in line with domestic fees, which will remain the same, making YVR's international landing fees the lowest of all major Canadian airports.

January 31, 2007 - 11:30 AM

Airport Authority Lowers Landing Fees for International Flights

Vancouver International Airport Authority is reducing landing fees charged to airlines operating international passenger and cargo flights into Vancouver International Airport (YVR). The new rates, effective January 1, 2007, bring international fees in line with domestic fees, which will remain the same, making YVR's international landing fees the lowest of all major Canadian airports.

"We are pleased to pass along substantial cost savings to our airline customers, and we anticipate that this will encourage additional international carriers to fly into YVR in the near future," said Larry Berg, President and CEO, Vancouver International Airport Authority.

The cost savings are substantial, particularly with larger and heavier aircraft. For example, carriers using Boeing 747, Boeing 777 and Airbus 320 aircraft on international routes will pay 32% less in landing fees in 2007 than they paid in 2006. Similarly, airlines operating smaller regional aircraft such as the Dash 8 Turboprop or Embraer 175 on international routes will also benefit with savings in landing fees of 20% and 6%, respectively.

The decision by the Airport Authority addresses stipulations in Open Skies agreements, such as the one between Canada and the United States, that require airports to equalize domestic and international landing fees.

"With YVR's strong financial position, the decision to reduce international fees, rather than increase domestic fees, is a strategic move to help increase Vancouver's competitive advantage and stimulate related growth and economic benefits for the region," Berg said.

YVR aims to grow its international traffic as part of its strategic goal to become the premier passenger and trade gateway to the Asia-Pacific. The Airport Authority's announcement coincides with a commitment by the Canadian government to further liberalize air policy with its recently announced Blue Sky initiative.

About Vancouver International Airport Authority
The Airport Authority is a community-based, not-for-profit organization that operates Vancouver International Airport (YVR). As Canada's second busiest airport, YVR expects to welcome 17.5 million passengers in 2007. The Airport Authority is undertaking a $1-billion construction 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.

-YVR-

For more information:
YVR Media Relations
Vancouver International Airport Authority
604.880.9815

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