The Greater Toronto Airports Authority (GTAA) has reduced landing fees and terminal charges by 10 per cent at Toronto Pearson International Airport, effective 1 January 2010, for the third year running. The authority noted that at a time when the aviation industry is struggling with declines in traffic, the reduction will result in estimated savings of C$58.4 million to the airline industry at Toronto Pearson next year.

Cumulatively, since 2007, the GTAA has reduced landing fees by 13.1 per cent and terminal charges by 15 per cent at Canada’s busiest airport. Between 2007 and 2010, the savings to the airlines is estimated to be $108 million, the GTAA said.

“We are partnering very closely with airlines to increase traffic at Toronto Pearson to ensure that the aviation needs of this community are met. Obviously, the cost of operating will always be a deciding factor for an airline,” said Lloyd McCoomb, president and CEO of the GTAA.