The Path Forward

Focusing on the International Activity at Toronto Pearson Airport Canada's largest city and financial powerhouse with a population of 5.5 million in the Greater Toronto Area Ranked as one of the most multi-cultural city in the world by UNESCO World Class facility to support the goal of World Class Hub - - Terminal 1 - all Star Alliance carriers under one roof Superior experience vs. US gateways Large demand from catchment area to all continents Excellent geographical position for connection traffic between South America - Asia and North America - Asia/Europe 2013 INVESTOR DAY 15

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