Aug 29, 2014

By Bob Komsic

Share on

Even though Porter’s looking to sell the Toronto Island terminal, a senior executive says they’re still looking to use it.

Billy Bishop

Michael Deluce says a sale lease-back is going to allow Porter Aviation Holdings to really focus on the airline business, adding proceeds would help invest in growth opportunities.

He would not confirm that they expect to get at least $500-million, a figure cited by the Wall Street Journal, which broke the story, calling that merely ”speculation.”

Deluce also says this is not linked in any way with Porter’s controversial plans to expand the airport and to possibly fly jets.

Zoomer Kids
You Don't Have To Be A Zoomer To Love Zoomer Radio.
Check out what the Kids have to say!
Join Our Fan Club
Coverage Area
Downtown Toronto
Toronto HD
96.3 HD-2
Kingston to Windsor, Parry Sound to Pittsburgh
ZoomerRadio Logo

Recently Played: