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April 19, 2015 9:23 AM ET

Transportation Infrastructure

Company Overview of Vancouver International Airport Authority

Company Overview

Vancouver International Airport Authority, a not-for-profit corporation, through its subsidiaries, primarily operates Vancouver airport in Canada. It also invests in and manages various airports in Canada and internationally, as well as provides capital project management and consulting services to affiliated and non-affiliated entities. The company is based in Richmond, Canada.

3211 Grant McConachie Way

Richmond, BC V7B 1Y7

Canada

408 Employees

Phone:

604-207-7077

Fax:

604-207-7070

Key Executives for Vancouver International Airport Authority

Chief Executive Officer, President and Director
Chief Financial Officer and Senior Vice President of Finance
Vice President of Operations & Information Technology
Chief Executive Officer of Yvr Airport Services Ltd and President of Yvr Airport Services Ltd
President of Yvr Project Management Senior Management
Compensation as of Fiscal Year 2014.

Vancouver International Airport Authority Key Developments

Vancouver International Airport Officially Opens Newly Expanded Domestic Terminal

Vancouver International Airport (YVR) announced the opening of the expanded Domestic Terminal, the A-B Connector. Featuring new gate capacity, an expedited baggage system, seismic upgrades and a wide range of new dining and shopping options, the A-B Connector will keep YVR connected to destinations across Canada. The new $213 million expansion is the first major infrastructure project completed as part of YVR's 10-year gateway strategy announced in 2012 to keep YVR competitive and an economic generator for B.C. The upgrades and expansion were made to the original areas of YVR's 1968 terminal. The A-B Connector provides improved passenger navigation and flow, increased gate capacity and holdroom space, new security and safety enhancements and seismic upgrades to ensure a more comfortable and efficient experience. In addition, an expedited baggage system connects bags between international and domestic flights more quickly.

Vancouver International Airport Authority Announces Upcoming Arrival of Air France to Vancouver

Vancouver Airport Authority announced the upcoming arrival of Air France to Vancouver. The new service between Vancouver International Airport (YVR) and Paris Charles de Gaulle Airport (CDG) will begin March 2015. The non-stop seasonal service will operate three times per week from March 29 to May 3, 2015; five times per week from May 4 to September 13, 2015; and three times a week from September 14 to October 24, 2015. The new service will add $13.7 million in Gross Domestic Product, $8.8 million in wages and 248 jobs to the B.C. economy. Air France and its co-carrier KLM Royal Dutch Airlines offer connectivity to 55 destinations in Europe. The new service to Vancouver is in addition to KLM's offering of 7 weekly flights between YVR and Amsterdam-Schiphol.

Vancouver International Airport Authority and Public Service Alliance of Canada Reach a Tentative Deal

Vancouver International Airport Authority and airport workers' union the Public Service Alliance of Canada (PSAC) said they have reached a tentative deal that is fair and equitable for both parties. The PSAC Local 20221 represents employees working at Vancouver International Airport that provide emergency services, finance and administrative services. According to the union, PSAC will need to present the tentative agreement to their membership and employees will need to vote on the adoption of the agreement as presented. The period of union member review and voting will have no impact on airport operations. Vancouver International Airport said it will continue to operate as normal. Details of the settlement will become available after the ratification vote.

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