Statement by the Toronto Port Authority on Announcement by Porter Airlines

TORONTO, April 10, 2013 /CNW/ - The Toronto Port Authority ("TPA") is aware of the announcement made earlier today by Porter Airlines. As an independent operation, it is up to Porter to pursue its own business plan for the benefit of its customers, shareholders and employees. The TPA takes no position on Porter's business aspirations.

For the past 30 years, the TPA has operated the Billy Bishop Toronto City Airport ("BBTCA") based upon the terms of the 1983 Tripartite Agreement, and will continue to do so. The TPA will not consider any change of use to the airport until a determination is first made by the elected representatives on Toronto City Council regarding Porter's proposed changes to the 1983 Tripartite Agreement.

About the Toronto Port Authority (www.torontoport.com)

The Toronto Port Authority (TPA) owns and operates Billy Bishop Toronto City Airport, the Port of Toronto (Terminals 51 and 52), and Toronto's Outer Harbour Marina. In addition to moving more than two million passengers through the airport in 2012, the Port Authority provides transportation, distribution, storage and container services to businesses at the Port, and owns and operates Toronto's largest freshwater marina. The Toronto Port Authority was incorporated on June 8, 1999 as a business enterprise under the Canada Marine Act as the successor to the Toronto Harbour Commissioners.

SOURCE: Toronto Port Authority

Media Contact: Pamela McDonald, Director, Communications and Public Affairs [phone] or [phone] (mobile), [email protected]