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Bombardier Inc
Symbol BBD
Shares Issued 1,441,114,241
Close 2013-05-07 C$ 4.25
Market Cap C$ 6,124,735,524
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Globe says Porter, city study Bombardier jets on island

2013-05-07 07:06 ET - In the News

The Globe and Mail reports in its Tuesday edition that city staff estimate it will take up to six months and more than $1-million to study Porter Airlines' proposal to bring Bombardier's jets to Toronto's island airport. The Globe's Elizabeth Church writes that a report to be considered by city council this week outlines a work plan for examining the airline's hopes to expand its flights out of Billy Bishop Airport. It will ultimately include public consultations, traffic and noise studies and an analysis of economic impacts. A preliminary report on the controversial plan is expected for the July 3 meeting of the mayor's executive committee and will cost between $225,000 and $275,000, which staff say will be paid for by Porter. A full report will be ready in October or November and will cost between $800,000 and $1-million. The report recommends the city seek funding commitments from Porter and the Toronto Port Authority to cover the second phase of the study. Earlier Monday, before the cost of the report was made public, Mayor Rob Ford told reporters he hoped council would vote in favour of going forward with the study. Opponents of Porter's plans say news of the cost only reinforces the need to stop the airport expansion.

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