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YVR's Low Cost, High Service Business Model Recognized Internationally

June 04, 2007

Vancouver Airport Authority's commitment to delivering a low cost, high service airport was honoured today by the International Air Transport Association (IATA), with the presentation of the prestigious Eagle Award at IATA's Annual General Meeting and World Air Transport summit. The Eagle Awards recognize airports and air navigation service providers for outstanding performance in customer satisfaction, cost efficiency and continuous improvements.

June 4, 2007 - 12:00 PM

Vancouver Airport Authority's commitment to delivering a low cost, high service airport was honoured today by the International Air Transport Association (IATA), with the presentation of the prestigious Eagle Award at IATA's Annual General Meeting and World Air Transport summit. The Eagle Awards recognize airports and air navigation service providers for outstanding performance in customer satisfaction, cost efficiency and continuous improvements.

"The Airport Authority works hard to balance conservative fiscal management and creative operational solutions to ensure we're providing value and exceptional service to both our airline partners and our customers," said Larry Berg, President and CEO, Vancouver Airport Authority, who accepted the award at today¿s presentation.

In presenting the Eagle Award, IATA recognizes the Airport Authority for its decisions to freeze aeronautical rates and lower international landing fees in 2007 while in the middle of a $1.4-billion capital expansion program. IATA Director General and CEO, Giovanni Bisignani, further praised the Airport Authority's commitment to transparent communication with the public and productivity improvements at YVR.

"We congratulate Vancouver Airport Authority on its award. Its cost control efforts, combined with a reduction in Crown Rents, have enabled the airport to reduce its charges, while improving profitability," said Giovanni Bisignani, IATA's Director General and CEO. Bisignani. "The Canadian government should take careful note of the YVR example and abolish Crown Rent altogether to build an even more competitive air transport sector."

"I am honoured to accept the prestigious 2007 IATA Eagle Award on behalf of all Airport Authority employees," added Berg. "It's the hard work and innovation of each of our employees that enables us to deliver our award-winning cost effective, high value experience every day."

About Vancouver Airport Authority

The Airport Authority is a community-based, not-for-profit organization that operates Vancouver International Airport (YVR). Canada's second-busiest airport, YVR expects to welcome 17.5 million passengers in 2007. The Airport Authority is undertaking a $1-billion construction program that will ensure the airport meets the growing demand for air travel, and continues to be developed as a premier global gateway and economic generator for British Columbia.

For more information about IATA and the Eagle Awards, please visit www.iata.org.

 

-YVR-

For more information:
YVR Media Relations
Vancouver International Airport Authority
604.880.9815

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