The Greater Toronto Airports Authority (GTAA) has reduced landing fees and terminal charges paid by airlines at Toronto Pearson International Airport, according to Canada NewsWire.
This is in addition to the 25 percent decrease in all-cargo landing fees that was announced earlier this year. All reductions will be effective January 1, 2009. The total fee reduction will offer projected savings of US$28 million to the airlines in 2009.
Landing fees are charged to cover the costs of operating Toronto Pearson. Landing fees will be reduced by 0.4 percent in 2009. Terminal charges are set to cover the costs for the common areas of the passenger terminals. These charges will be reduced by 0.6 percent in 2009.
CargonewsAsia