Finance committee  Yes, thank you. The total airport rents that Toronto Pearson pays this year equates, as I think I mentioned in my submission, to about 34% of our landing fees--roughly a third of the landing fees. The landing fee at Pearson is an impediment to certain airlines coming here and providing services.

Finance committee  Thank you for the opportunity to explain that. Let me go back to an earlier comment you made about us not having been forced to sign a deal--and you're absolutely right. But quite frankly, back in 1994-95, when the airport authority was first formed, there was a very intense negotiation with the officials of Transport Canada to work through a transfer process that had two characteristics that are a little different from today, I think.

Finance committee  Good afternoon. I'm John Kaldeway. Thank you for the opportunity to appear here this afternoon. As you are most certainly aware, Toronto Pearson is an economic asset of unparalleled importance to southern Ontario, and indeed to all of Canada. As a critical component of the nation's transportation infrastructure, our airport connects Canada with the world and generates thousands of jobs and billions in annual economic output, wages and taxes.