YVR’s President and CEO, Larry Berg, announced that the airport will freeze landing and terminal fees at 2010 levels for 5 years. He made the announcement on Monday, September 20, at the World Routes 2010 Forum in Vancouver.
“It’s expected that the [incentive program] will add the equivalent of eight to 10 new international daily flights, or approximately 1.1 million additional airline seats, over the next five years,” Vancouver Airport Authority president and CEO Larry Berg said during the announcement ceremony.
Berg said every new international long-haul flight into YVR generates between $5 million and $8 million in wages annually and contributes between $8 million and $15 million to B.C.’s GDP.
“It’s a very good economic generator for both the province and the region.”
“Currently,” he added, “one in 10 [flights] travelling to Asia are using YVR,” he said. “Certainly we can do better.”
