Press Releases

YEAR:
  • June 12 2018

    Ride Sharing Pilot Begins at Toronto Pearson

    TORONTO, CANADA – The Greater Toronto Airports Authority (GTAA) announced today a pilot project for ride sharing companies to pick up and drop off passengers at Toronto Pearson. Starting today, passengers with Uber and Lyft rideshare apps on their smartphones can request UberX and Lyft rides from Canada’s largest airport. This ride sharing pilot provides another regulated, municipally approved transportation option for 47 million annual airport passengers and more than 49,000 workers at Toronto Pearson.

  • May 30 2018

    Emergency Exercise at Toronto Pearson

    TORONTO, CANADA - The Greater Toronto Airports Authority (GTAA) will be conducting an emergency exercise at Toronto Pearson International Airport, overnight on Saturday, June 2. The exercise will run from 10:00 p.m. on June 2, until 4:30 a.m. on June 3 and will take place in several locations, including: Runway 24L and some of its affiliated taxiways, Terminal 3 Check-in counters, Terminal 1 employee areas, and some airside locations.

  • May 10 2018

    GTAA REPORTS 2018 FIRST QUARTER RESULTS: CONTINUED STRONG PASSENGER VOLUME GROWTH AT TORONTO PEARSON

    TORONTO, CANADA – The Greater Toronto Airports Authority (“GTAA”) today reported its financial and operating results for the three-month period ended March 31, 2018. Passenger activity increased substantially at 6.3 per cent, during the first quarter of 2018 as compared to the same period of 2017. This growth reflects increased aircraft load factor, flights on existing routes and larger aircraft, the economic strength of the Greater Toronto Region, and the role of Toronto Pearson International Airport as Canada’s largest airport and North America’s second busiest airport in terms of international passengers.

  • April 23 2018

    Resurfacing begins on one of Toronto Pearson’s busiest runways

    TORONTO - Today, the Greater Toronto Airports Authority will begin work to resurface runway 06L/24R, one of Toronto Pearson’s east/west runways, located in the southern area of the airport. In comparison to Spring 2017’s rehabilitation of the 05/23 runway, this work has been planned to be much less disruptive. This project consists of the milling and repaving of a portion of the runway surface, electrical maintenance, and runway safety upgrades, ensuring that the runway is maintained for safe operations.

  • April 11 2018

    Greater Toronto Airports Authority and Metrolinx Announce Commitment to Work Together to Study Regional Transit and Passenger Centre Connections

    TORONTO – The Greater Toronto Airports Authority (GTAA) and Metrolinx have announced that they will be working together to study potential connections for the Kitchener rail corridor to Toronto Pearson’s Regional Transit and Passenger Centre, in addition to other potential transit connections such as the Eglinton Crosstown West Light Rail Transit (LRT). This advancement of work to better integrate transit projects into Canada’s busiest airport will help connect the country’s second largest employment zone and reduce highway congestion.

  • April 2 2018

    Toronto Pearson becomes more accessible for people with autism and other cognitive special needs; releases 10 new MagnusCards Card Decks

    TORONTO – With World Autism Awareness Day celebrations underway, Toronto Pearson has announced the release of 10 new MagnusCards Card Decks — fun, step-by-step visual and audio guidance on how to navigate a busy airport environment for persons with autism and other cognitive special needs. The latest Card Decks help remove barriers by expanding access for users and their caregivers to a wider spectrum of common airport processes, including Transferring Terminals with the Link Train, Finding Food, and Connecting to US via Terminals 1 and 3.

  • March 29 2018

    GTAA COMPLETES ISSUE OF NOTES DUE JUNE 1, 2037

    TORONTO, CANADA – The Greater Toronto Airports Authority (“GTAA”) today announced that it has completed an offering of $500 million 3.26% Notes due June 1, 2037 (Secured), Series 2018-1 (the “Notes”) on a private placement basis (the “Offering”) pursuant to exemptions from the prospectus requirements of applicable Canadian securities laws. The net proceeds of the Offering were used to partially fund the redemption of the $522 million 5.96% Medium Term Notes due November 20, 2019 (Secured), Series 2009-1 (the “2009 Notes”) of the GTAA. The remaining principal amount and interest outstanding on the 2009 Notes was repaid with short-term borrowings and operating cash flows of the GTAA. The co-lead agents for the Offering were RBC Dominion Securities Inc., BMO Nesbitt Burns Inc. and CIBC World Markets Inc. and the co-managers for the Offering were National Bank Financial Inc., Scotia Capital Inc. and TD Securities Inc.

  • March 23 2018

    Toronto Pearson to connect 38,000 GTA youth to STEM curriculum through partnership with Scientists in School

    TORONTO - Toronto Pearson is helping provide STEM (science, technology, engineering and math) workshops to 38,000 local youth through a three-year, $600,000 investment in Canada’s leading science education charity for children, Scientists in School. In celebration of the partnership, an interactive event is being held on Saturday, March 24, 2018 from 10:00 a.m. until 12:00 p.m. at Albion Centre, located at 1530 Albion Road in Etobicoke.

  • March 21 2018

    GTAA reports 2017 results: Continued strong passenger and earnings growth

    TORONTO, CANADA – The Greater Toronto Airports Authority (“GTAA”) today reported its financial and operating results for the fiscal year ended December 31, 2017. Passenger activity and net income increased substantially at 6.2 per cent and 31.2 per cent, respectively, during 2017 as compared to 2016. This growth reflects increased capacity of aircraft and new international routes, the economic strength of the Greater Toronto Region, and the role of Toronto Pearson International Airport as Canada’s largest airport and North America’s second busiest airport in terms of international passengers.

  • March 6 2018

    Toronto Pearson Named Best Large Airport in North America

    TORONTO, CANADA - Courteous and helpful staff and improvements to airport ambiance have inspired passengers travelling through Toronto Pearson in 2017 to award Canada’s largest airport an Airport Service Quality (ASQ) Award and the title of Best Large Airport, serving more than 40 million annual passengers, in North America by Airports Council International (ACI), the global organization representing the world’s airports.

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