Porter to sell passenger terminal at Billy Bishop airport

Company says it wants to focus on the airline, and help it grow even further...

Porter Airline has annouced they are exploring the sale-leaseback of the passenger terminal at the Billy Bishop Toronto City Airport.

The company says that would allow them to focus on the core business, that being the airline.

In a release, Porter says this is not going to change their home base and they will continue to operate out of the island airport.

The money from the sale would then be rolled back into the company to invest in growing.

"The investment by PAHI in designing, constructing and operating the BBTCA terminal at an early stage of the airport's revitalization was crucial to supporting Porter's growth," said Robert Deluce, president and CEO of PAHI. "This helped create a unique passenger experience based on speed, convenience and service, which the airport is now internationally recognized for."

More to come

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