The Greater Toronto Airports Authority (GTAA) has approved reductions to the cargo aircraft landing fees for 2011.
Landing fees for cargo aircraft will be reduced by 4.3 percent on January 1, 2011.
This is the third reduction since January of this year.
Cargo fee reductions are being introduced to encourage growth and to support local businesses that depend on air cargo delivery.
“Toronto Pearson employees have worked hard to make these reductions possible,” says Lloyd McCoomb, president and CEO of the GTAA.
“By streamlining processes and focusing our efforts on increasing service and revenue, we are able to work with the airlines and make Toronto Pearson even more attractive … We are working to increase the number of people who connect through the airport, and these changes are intended to encourage more growth.”