Porter Aviation Holdings Inc. (PAHI), the parent company of Porter Airlines, is looking to sell its passenger terminal at Billy Bishop airport in Toronto.
In a news release, the company said it would look to lease back the terminal and there would be no change to its airline operations. It said proceeds from the sale would “allow for continued investment in the airline’s growth.”
"The investment by PAHI in designing, constructing and operating the (Toronto airport) terminal at an early stage of the airport's revitalization was crucial to supporting Porter's growth," Porter’s president and CEO, Robert Deluce, said in the release.
"This helped create a unique passenger experience based on speed, convenience and service, which the airport is now internationally recognized for."
Porter Airlines flies out of four Northern Ontario locations: Timmins, Thunder Bay, Sault Ste. Marie and Sudbury.