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The Greater Toronto Airports Authority (GTAA) is a Canadian non-profit organisation that operates Toronto Pearson International Airport, Canada's largest and busiest airport. The GTAA was formed in 1996 by the Government of Canada, which was transferring its direct control of airports across the country to similar operating agencies. The GTAA is a non-share capital corporation under the Canada Not-for-profit Corporations Act and operates under a 60-year lease with the federal government, which is set to expire in 2056.
| Characteristics | Values |
|---|---|
| Type of organization | Non-profit |
| Airport managed | Toronto Pearson International Airport |
| Country | Canada |
| Location | Mississauga, Ontario |
| Ownership | Non-share capital corporation under a 60-year lease with the federal government |
| Lease expiry | December 2056 |
| Lease extension | Extendable for an additional 20 years |
| Board of Directors | Responsible for management and operation of Pearson International Airport |
| President and CEO | Female |
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What You'll Learn
The GTAA is a non-profit, non-share capital corporation
The Greater Toronto Airports Authority (GTAA) is a non-profit, non-share capital corporation. This means that it does not distribute profits to shareholders but instead reinvests them into the improvement and expansion of Toronto Pearson International Airport, which it operates and manages.
The GTAA was formed in 1996 by the Government of Canada as part of an initiative to transfer control of airports from the government to independent operating agencies. Pearson Airport, Canada's largest airport, was previously operated directly by a ministry of the Government of Canada.
As a non-profit organization, the GTAA's mission is to operate the airport in a self-sufficient manner. It generates its revenues from landing fees on airlines, departure fees on passengers, parking revenues, and facility rentals. These revenues are then used to cover operating and capital expenses.
The GTAA is governed by a Board of Directors, which is responsible for the management and operation of the airport, including strategic planning and approval. The organization is currently under a 60-year lease with the federal government, which is set to expire in December 2056, with the option to extend for an additional 20 years.
The GTAA's non-profit, non-share capital structure ensures that the organization's focus remains on the efficient and effective management and improvement of Toronto Pearson International Airport, with all revenues generated being reinvested into the airport's operations and development.
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It was formed in 1996 by the Canadian government
The Greater Toronto Airports Authority (GTAA) is a Canadian non-profit organisation that was formed in 1996 by the Canadian government. The GTAA operates Toronto Pearson International Airport in Mississauga, Ontario, Canada, which is the country's largest airport.
Prior to the formation of the GTAA, Pearson Airport was operated directly by a ministry of the Government of Canada. In the mid-1990s, the Canadian government began to divest its direct control of airports across the country, transferring management to similar operating agencies. The GTAA was established as one such agency and was tasked with operating Toronto Pearson Airport in a self-sufficient manner.
The GTAA is a non-share capital corporation under the Canada Not-for-profit Corporations Act and is a reporting issuer under Canadian securities legislation. It generates its revenues from landing fees on airlines, departure fees on passengers, parking revenues, and facility rentals. These revenues are then used to cover the operating and capital expenses of the airport.
The GTAA has made significant investments in the redevelopment of Toronto Pearson Airport. Between 1998 and 2008, the organisation completed a CA$4.4 billion project to enable the airport to handle increases in traffic. As a result of these efforts, Toronto Pearson Airport has become one of the world's leading mega-hubs, serving 49.5 million passengers in 2018.
The GTAA also demonstrates a commitment to social responsibility and community development. In 2023, the organisation's Uplift Fund awarded a total of $770,000 to nine organisations working to break down barriers to employment and create opportunities for communities around Toronto Pearson Airport.
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The GTAA operates Toronto Pearson International Airport
The Greater Toronto Airports Authority (GTAA) is a non-profit, non-share capital corporation that operates Toronto Pearson International Airport, Canada's busiest airport. The airport is Canada's largest, handling 49.5 million passengers in 2018. It is also the second-largest international passenger airport in North America and the fifth most connected "mega-hub" airport in the world.
The GTAA was formed in 1996 by the Government of Canada, which was transferring its direct control of airports to similar operating agencies. Before this, Pearson was operated directly by a ministry of the Government of Canada. The GTAA's mission is to operate the airport in a self-sufficient manner, generating its revenues from landing fees on airlines, departure fees on passengers, parking revenues, and facility rentals. These revenues are then used for operating and capital expenses.
The GTAA is responsible for the management and operation of Pearson International Airport, with a Board of Directors overseeing the strategic planning process. The GTAA completed a CA$4.4 billion redevelopment of Toronto Pearson from 1998 to 2008 to enable the airport to handle increased traffic. It also has a lease agreement with the federal government that is set to expire in December 2056, with the option to extend for an additional 20 years.
The GTAA has a commitment to supporting and empowering women, with initiatives like the Uplift Fund, which has invested in programming to support local area residents and employers in building new skills and connections. It also collaborated with Air Canada to celebrate Black History Month in February, featuring inspiring stories from Black professionals.
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The airport is Canada's largest and busiest airport
The Greater Toronto Airports Authority (GTAA) is a non-profit organisation that operates Toronto Pearson International Airport, Canada's largest and busiest airport. The airport is located in Mississauga, about 20 km west of Toronto in the province of Ontario. It is Canada's second-largest international passenger airport in North America and the fifth most connected "mega-hub" airport in the world.
In 2018, Toronto Pearson served 49.5 million passengers, and in 2019, this number grew to 50.5 million. The airport has five runways and two active terminals. Terminal 1, which opened in 2004, serves Star Alliance airlines, while Terminal 3, opened in 1991, serves a variety of other airlines. The total passenger capacity is around 47 million per year, although this number has been exceeded on several occasions.
Toronto Pearson's location within the most populous metropolitan region of Canada contributes to its high traffic. The airport offers non-stop and same-plane service to over 155 cities worldwide. It is also the second-largest employment zone in Canada, facilitating 50,000 jobs before the pandemic.
The GTAA was formed in 1996 by the Government of Canada, which was transferring control of airports to similar operating agencies. The GTAA's mission is to operate the airport in a self-sufficient manner, generating revenue through landing and departure fees, parking, and facility rentals. From 1998 to 2008, the GTAA completed a CA$4.4 billion redevelopment of Toronto Pearson to accommodate increasing traffic.
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The GTAA is led by its first female President and CEO
The Greater Toronto Airports Authority (GTAA) is a Canadian non-profit organisation that operates Toronto Pearson International Airport, Canada's largest and busiest airport. It was formed in 1996 by the Government of Canada, which was transferring its direct control of airports across the country to similar operating agencies. The GTAA is led by its first female President and CEO, who is supported by a leadership team that includes a Chief Operating Officer, a Chief Financial Officer, and a Vice President of Marketing, among others.
The President and CEO of the GTAA is responsible for leading and shaping the organisation's strategic direction and initiatives. She plays a key role in the management and operation of Pearson International Airport, which has been recognised as the Best Large Airport in North America by Airports Council International. With a focus on innovation and growth, the President and CEO have helped transform the airport into a world-class mega hub, handling 49.5 million passengers in 2018.
The GTAA's President and CEO brings a wealth of experience and expertise to her role. She has a strong background in the aviation industry and a proven track record of successful leadership. Her strategic vision and dynamic approach have driven the airport's development and enhanced its reputation on a global scale. Under her leadership, the GTAA has focused on expanding its international reach, attracting more airlines and passengers, and continuously improving the airport's facilities and services.
As the first female President and CEO of the GTAA, she has broken through gender barriers and paved the way for future female leaders in the aviation industry. Her appointment signifies a commitment to diversity and inclusion at the highest levels of airport management. Her leadership style inspires and empowers women in aviation and showcases their capabilities in traditionally male-dominated roles.
The GTAA's President and CEO, along with the dedicated leadership team, continue to steer the organisation towards excellence. Their efforts ensure that Toronto Pearson International Airport remains a leading aviation hub, offering exceptional travel experiences to millions of passengers each year. Their strategic initiatives, operational efficiency, and customer-centric approach solidify the GTAA's position as a world-class airport authority.
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Frequently asked questions
The GTAA is a Canadian non-profit organisation that operates Toronto Pearson International Airport. It is a non-share capital corporation under the Canada Not-for-profit Corporations Act.
The GTAA receives its revenue from landing fees on airlines, departure fees on passengers, parking revenues, and facility rentals.
The GTAA served 49.5 million passengers in 2018, making it the second-largest international passenger airport in North America.
The GTAA operates under a 60-year lease with the federal government, which expires in 2056 and can be extended for another 20 years. It was formed in 1996 by the Government of Canada, which was divesting its direct control of airports.
