10.4% increase in passenger traffic at YQB

2011: A RECORD-BREAKING YEAR

January 24, 2012 - Mr. Gaëtan Gagné, President and CEO of the Québec City Airport is proud to announce that 2011 will have been a record-breaking year for the Jean Lesage International Airport (YQB), with a 10.4% increase in passenger traffic, bringing the total number of passenger to 1,313,432.

“These results reflect the vitality of our region as well as our airport’s potential”, said Mr. Gagné. International traffic had the greatest increase at 21.8%, while trans-border and domestic traffic showed increases of 11.5% and 4.9% respectively.

2010 and 2011 results make for a total increase in passenger traffic of over 25% in the last two years. Over a five-year period, an impressive 50% increase in growth was recorded.

“Our success is the result of our team’s remarkable work. Thanks to the devotion of our employees and the support of our community, our Passenger First motto is a reality and allows us, year after year, to reach new heights not only in passenger traffic but passenger satisfaction, as well”, Mr. Gagné said. In 2010, YQB was voted Best Airport in North America, in its category, for overall passenger satisfaction, according to Airport Service Quality (ASQ), a division of Airports Council International.
Since November 1, 2000, the Québec City Airport has been responsible for the management, operation, maintenance and development of the Québec City Jean Lesage International Airport. Approximately a dozen carriers offer multiple connections to various destinations in North America, the Caribbean, Mexico and Europe, over 50 direct flights a day to major cities in Eastern Canada and the United States, such as Montréal, Ottawa, Toronto, New York, Detroit, Washington, Chicago and Philadelphia and, in winter, over 40 chartered flights a week to sun destinations as well as Paris and Marseille.

PASSENGER FIRST ®

- 30 -

SOURCE :
Jonathan Trudeau
Director, Communications
Aéroport de Québec
Tel. : 418-640-2700, ext. 2625

Inaugural flight between Québec City and Philadelphia

US AIRWAYS LANDS AT THE QUÉBEC CITY AIRPORT

June 2, 2011– Today marks the date of US Airways’ very first flight to Philadelphia from Québec City’s Jean Lesage International Airport.

The airline, based in the U.S., is now very present in Québec City with three daily flights to Philadelphia, its most important hub in Eastern North America. The flights from Québec City will be operated on CRJ200 aircraft, with a 50-passenger capacity.

US Airways and its affiliates offer over 3,200 daily departures to over 200 destinations. It is also member of the Star Alliance network which includes more than 25 airlines giving passengers access to 21,000 daily flights in 1,160 airports in 181 countries. As of today, four member carriers will ensure daily flights from Québec : Air Canada, Continental Airlines, United Airlines and US Airways. These flights will open the door to six major hubs in North America for clients departing daily from Québec City: Montréal, Toronto, Newark, Detroit, Chicago and now Philadelphia.

“We’re very happy to celebrate US Airways’ inaugural flight from our airport today. US Airways’ arrival is proof of the growing interest in our airport. Our major expansion projects planned over the next years will make for accrued enthusiasm and will allow us to offer our clients an ever growing flight diversity,” said Gaëtan Gagné, President and CEO of the Québec City Airport, who was in the company of Steve Raeder, US Airways Managing Director – Customer Service, International/Shuttle during a ceremony before the flight.

“US Airways customers and members of the Philadelphia community and surrounding areas continue to benefit from our development of our northeast hub with this new service to beautiful Québec City,” said Suzanne Boda, US Airways’ senior vice president of airport customer service, international and cargo. “Customers traveling from Québec City will now have access to 111 domestic and international destinations through Philadelphia, where US Airways has expanded its service to 456 peak day departures.”

Since November 1, 2000, the Québec City Airport has been responsible for the management, operation, maintenance and development of the Québec City Jean Lesage International Airport. Approximately a dozen carriers offer multiple connections to various destinations in North America, the Caribbean, Mexico and Europe, over 50 direct flights a day to major cities in Eastern Canada and the United States, such as Montréal, Ottawa, Toronto, New York, Detroit, Cleveland, Washington, Chicago and Philadelphia and over 45 chartered flights a week in winter to sun destinations as well as Paris and Marseille.

PASSENGER FIRST ®

- 30 -

SOURCE :
Jonathan Trudeau
Director, Communication
Aéroport de Québec

QUÉBEC CITY JEAN LESAGE INTERNATIONAL AIRPORT ANNUAL PUBLIC MEETING
PURSUING OUR ACSENCION TOWARDS NEW HEIGHTS

March 23, 2011 – The Chair of the Board of the Québec City Airport, Mr. Guy Vachon, and the President and Chief Executive Officer Mr. Gaëtan Gagné, presented the Québec City Jean Lesage International Airport’s Annual Report today, at the annual public meeting.

The 2010 Annual Report, entitled “Ascension 2010”, clearly shows that Aéroport de Québec inc. is continuing to climb to new heights, especially in the number of passengers, with increases of 24.1% in transborder traffic, 17.2% for domestic traffic and 5.1% in international traffic for a total increase in traffic of 15%. Also, a new historic height was reached as 1, 190,088 passengers travelled through the Québec City Airport. ”These statistics clearly show all the dynamism of our airport and the essential role we play as an economic lever in the Québec City region”, said Gaëtan Gagné.

Mr. Gagné also took the opportunity to point out the importance of providing adequate facilities at the airport which will allow for new development and thus reach new, realistic goals, set out by Arup in the 2010-2035 Master Plan.

“The first phase of the expansion was a great success since we saw a 52% increase in passenger traffic in the last four years. We all know that we have great developmental potential and we have several projects on the table. With the $50 million announcement by the Federal Government last week, along with an equal investment we are confident the Provincial Government will provide, we will be able to begin the first part of the second phase of expansion very soon”, said Mr. Gagné.

Financial Results Beyond Expectations

2010 was also a very successful year financially as revenues rose to $35.6 million. Strict control of administrative and operation costs played a large part in allowing for a gross operating profit of $14.37 million and a $6.9 million surplus, which is $3.4 million above the 2010 estimate.

“We are extremely proud of our financial results for 2010. They prove that the efforts made in our planning as well as our strict follow-up gave positive results. These results, above and beyond our expectations, will allow us to reinvest a significant surplus in our development projects”, said Mr. Guy Vachon.

Mr. Vachon also pointed out that the administrative structure changes, begun in 2009, were finalized in 2010. Thus, the Québec City Airport is ready to take up the challenges of increasing passenger traffic as well as bring all new projects to fruition.

Since November 1, 2000, the Québec City Airport has been responsible for the management, operation, maintenance and development of the Québec City Jean Lesage International Airport. Approximately a dozen carriers offer multiple connections to various destinations in North America, the Caribbean, Mexico and Europe, 50 direct flights a day to major cities in Eastern Canada and the United States, such as Montréal, Ottawa, Toronto, New York, Detroit, Cleveland, Washington, Chicago and Philadelphia and over 40 chartered flights a week to sun destinations as well as Paris and Marseille.

PASSENGER FIRST

- 30 -

SOURCE :
Communication Department
Aéroport de Québec
Tel. : 418 640-2700, ext. 2694

Federal government announces $50 million investment

QUÉBEC CITY AIRPORT: AMBITIOUS PROJECTS TO PURSUE OUR ASCENSION

March 16, 2011 – The President and CEO of Aéroport de Québec inc., Mr. Gaëtan Gagné is very pleased with the announcement today of a $50 million investment by Canada’s Prime Minister, the Right Honourable Stephen Harper, who was accompanied by the Honourable Josée Verner, Minister of Intergovernmental Affairs, President of the Queen’s Privy Council for Canada and Minister for La Francophonie.

« The Québec City Airport has seen significant growth and our potential for future development is tremendous. In order to fully develop this potential, we must create conditions to accommodate this exceptional passenger growth. If the trend continues, the number of passengers in 2015 will be 1.5 million and over 2 million in 2020. The Québec City Airport needs the infrastructure and efficient airport services to meet the demand,” said Gaëtan Gagné, President and CEO.

Stimulating Developmental Projects

The Federal government’s investment announcement today opens the door to the first stage of the second phase of the Québec City Jean Lesage Airport’s expansion project. Totalling $225 million and planned until 2015-2016, this stage includes, more particularly, the expansion of the international sector, including relocations which will allow for the expansion of the apron, the addition of passenger loading bridges, the construction of a multi-level parking facility and a hotel as well as a de-icing center. The Québec City Airport plans to meet the extraordinary growth demand by developing its potential and thus remain one of the region’s major economic levers.

The Québec City Airport plans to actively participate in the financing of these projects by assuming most of the related costs.

Over the past four years, the Québec City Airport has seen a dramatic increase in traffic of 52%. In 2010, 1,200,000 passengers travelled from the airport, an increase of 15%. Since the beginning of the year, this growth has continued with a 19% increase in passengers.

The Québec City Airport has become, over the past years, a source of pride for the citizens of the region. I would like to thank the Federal Government for having, once again, recognized the essential role we play in the region’s economic development”, said Gaëtan Gagné.

Since November 1, 2000, the Québec City Airport has been responsible for the management, operation, maintenance and development of the Québec City Jean Lesage International Airport. Approximately a dozen carriers offer multiple connections to various destinations in North America, the Caribbean, Mexico and Europe, 50 direct flights a day to major cities in Eastern Canada and the United States, such as Montréal, Ottawa, Toronto, New York, Detroit, Cleveland, Washington, Chicago and Philadelphia and over 40 chartered flights a week to sun destinations as well as Paris, Bordeaux and Marseille.

PASSENGER FIRST

- 30 -

SOURCE :
Jonathan Trudeau
Director, Communication
Aéroport de Québec
Tel. : 418 640-2700, ext. 2625

• receiving the consolidated financial statements for the year ended December 31, 2010, and the Auditor’s report; and
• transacting such other business as may properly be brought before the Meeting.

By order of the board of Directors
Sophie Lefrançois
Corporate Secretary

Québec (Québec

Three daily flights to Philadelphia from Québec City

PRIVILEGED ACCESS TO US AIRWAYS’ GLOBAL NETWORK

Québec, February 9th, 2011– Travellers from the Québec City region have yet another reason to celebrate with US Airways’ important announcement today.

Three daily flights to Philadelphia will open the door to US Airways’ global network as of June 2nd, 2011. The flights will be offered aboard 50-seat CRJ200 regional jets.

US Airways and its affiliates offer more than 3,200 daily departures to over 200 destinations. Philadelphia is its international gateway in northeastern North America with 430 daily flights. Furthermore, US Airways is a Star Alliance member, which includes over 25 airlines with access to 21,000 daily flights in 1,160 airports in 181 countries. Four of these member airlines now offer daily flights from Québec City: Air Canada, Continental Airlines, United Airlines and US Airways.

« Today’s announcement is excellent news for our clients. Be it travel for business or pleasure, access to a major hub like Philadelphia is a great addition to the connecting flights offered from Québec City. Moreover, a new player in the market will make for more competitive pricing amongst the airlines», said Gaëtan Gagné, Aéroport de Québec’s President and CEO. With these new flights, Québec City Airport’s clients will now have access to six major hubs in North America: Montréal, Toronto, Newark, Detroit, Chicago and now Philadelphia.

Since November 1, 2000, the Québec City Airport has been responsible for the management, operation, maintenance and development of the Québec City Jean Lesage International Airport. Approximately a dozen carriers offer multiple connections to various destinations in North America, the Caribbean, Mexico and Europe, 50 direct flights a day to major cities in Eastern Canada and the United States, such as Montréal, Ottawa, Toronto, New York, Detroit, Cleveland, Washington and Chicago and over 45 chartered flights a week to sun destinations as well as Paris, Bordeaux and Marseille.

PASSENGER FIRST

- 30 -

SOURCE :
Jonathan Trudeau
Director, Communication
Aéroport de Québec
Tel. : 418 640-2700, ext. 2625

New weekly flight to Varadero

Air Canada Vacations to serve Quebec City Airport

October 19, 2010 – The Québec City Airport is very pleased by the announcement made today by Air Canada Vacations to the effect that they will be offering a weekly flight to Varadaro in the Winter 2010-2011 season. Once again, the number of flights from Québec City has been increased, thus giving passengers even more choice of destinations.

Air Canada Vacations has announced that from December 19^th 2010 to April 10^th, 2011, a new flight from Québec City to Varadero will be offered every Sunday.

“Today’s announcement is excellent news, since not only does it increase our number of flights to sun destinations, but it’s also proof of carriers’ growing enthusiasm to offer flights form Québec City. Although Air Canada is one of our major partners through their flights offered by Air Canada Jazz, this is the first flight from Québec City by Air Canada Vacations”, Gaëtan Gagné, President and CEO of the Québec City Airport declared. This winter, Québec City Airport’s clients will have access to over 40 flights a week to sun destinations.

Referring to the spectacular increase of 27.3% in the number of passengers in September, Mr. Gagné reiterated Québec City Jean Lesage International Airport’s success reflected by the 13.9% increase in passengers since the beginning of the year. “These impressive statistics reflect an ever-growing diversification of flights as well as the devotion and the efforts made day-in, day-out by all the Airport’s employees”, he said.

Since November 1, 2000, the Québec City Airport has been responsible for the management, operation, maintenance and development of the Québec City Jean Lesage International Airport. Approximately a dozen carriers offer multiple connections to various destinations in North America, the Caribbean, Mexico and Europe, 50 direct flights a day to major cities in Eastern Canada and the United States, such as Montréal, Ottawa, Toronto, New York, Detroit, Cleveland, Washington and Chicago and over 45 chartered flights a week to sun destinations as well as Paris, Bordeaux, Marseille and Nantes.

PASSENGER FIRST 

                                                                       – 30 -

CONTACT:                  
Jonathan Trudeau
Director of Communications
Aéroport de Québec
Tel: 418 640-2700 ext: 2625

QUEBEC CITY AIRPORT UPS THE NUMBER OF ITS SUNNY DESTINATIONS FOR WINTER 2010-2011

August 11, 2010 – Travellers wishing to fly to sunny destinations from Québec City Jean-Lesage International Airport will be happy to learn that new non-stop flights are now available.

Today, WestJet announced two new destinations from Québec City. Every Saturday, between December 11, 2010 and April 30, 2011, travellers can enjoy a non-stop flight from Québec City to Cancun, Mexico. WestJet will also be offering a non-stop flight every Sunday, from December 12, 2010 until April 24, 2011, to Fort Lauderdale, Florida.

“We are very pleased by WestJet’s announcement today since we will be able to offer more flights to our clients who are becoming increasingly aware of the advantages of departing from the Québec City Airport. The fact that carriers are increasing the number of flights from Québec City is a reflection of a growing clientele and of the vitality and potential of our airport”, said Gaëtan Gagné, President and CEO of the airport. With the addition of these two new flights to the South this winter, Québec City Airport’s clients will have access to over 40 flights a week to sunny destinations for the 2010-2011 winter season.

Mr. Gagné also declared that the airport continues to forge ahead in 2010, with an average 13% increase in passenger traffic since the beginning of the year. Thanks to the new state-of-the-art facilities and outstanding customer service which puts the passenger first, Québec City Jean-Lesage International Airport remains a major economic driver in the Québec City region.

Since November 1, 2000, the Quebec City Airport has been responsible for the management, operation, maintenance, and development of the Quebec City Jean Lesage International Airport. Over 10 carriers offer multiple connecting routes in North America, the Caribbean, Mexico and Europe, with over 50 direct, non-stop flights a day to major cities in Eastern Canada and the United States such as Montréal, Ottawa, Toronto, New York, Detroit, Cleveland, Washington and Chicago and over 45 chartered flights a week in the winter to Paris, Bordeaux and Nantes.

PASSENGER FIRST

- 30 -

SOURCE :
Jonathan Trudeau
Director of communications
Aéroport de Québec
Tel. : 418-640-2700, ext :2625

QUÉBEC CITY AIRPORT: PROUD PARTNER OF THE VIDÉOTRON QUÉBEC AIR SHOW

Québec City, May 11, 2010 – Aéroport de Québec is getting ready to host the 15th edition of the Videotron Québec Air Show—the biggest air show in Canada and one of the largest in North America. The event, which will take place June 11 to 13, promises to be a sensational treat for the legions of fans of unique aerial acrobatics and fireworks shows. Proud partner of this major festival, Aéroport de Québec will spotlight a number of airlines under a huge tent, including Air Canada, Air Transat, Westjet, Sunwing, and Porter Airlines, to give visitors an idea of the outstanding array of flights departing from Québec City.

“The Videotron Québec Air Show is a wonderful showcase for the region, contributing to its economic vitality and raising its profile. For Aéroport de Québec, it is also a way of promoting our modern and efficient facilities, highlighting the 350 weekly direct flights, promoting the thousands of destinations available from members of the Star Alliance and Sky Team groups in nearly 200 countries, and offering visitors a taste of our renowned customer experience,” said President and CEO of Aéroport de Québec, Gaëtan Gagné.

Judging by the programming unveiled this morning by the organizers, the 2010 edition of this air show promises to delight visitors of all ages, who will be able to admire and tour numerous aircraft, including commercial planes serving the Jean Lesage International Airport. “Aéroport de Québec plans to lend its expertise to the coordination of this major show while promoting once again the “Passengers first” vision that inspires us by providing high quality service to passengers,” concluded Gagné.

Since November 1, 2000, Aéroport de Québec Inc. has overseen the management, operation, maintenance, and development of Jean Lesage International Airport. More than a dozen airlines operate out of the airport, servicing multiple destinations in North America, the Caribbean, Mexico, and Europe through more than 50 daily direct flights to Eastern Canada and the United States’ biggest gateways, including Montreal, Ottawa, Toronto, New York, Detroit, Cleveland, Washington and Chicago. An additional 45 chartered flights also depart the airport each week in winter, carrying passengers to sunshine destinations, as well as Paris, Bordeaux, Marseille, and Nantes.

-30-

FOR INFORMATION:
Richard Girard
Tel.: 418-640-2700, ext. 2692

ANNUAL PUBLIC MEETING AÉROPORT DE QUÉBEC CONTINUES ITS GROWTH

Québec City, April 30, 2010 – Despite the challenges posed by the world economic situation, Aéroport de Québec continued to grow and develop in 2009. Although there was a slowdown in domestic traffic, the exceptional growth in transborder and international traffic allowed the organization to attain a historic high of 1,035,000 passengers, added on to a marked increase in available services, flights, and destinations.

“These team successes stem first and foremost from the trust an increasing number of passengers are placing in us, and we’d like to thank them once again for this trust,” said Guy Vachon, Chair of the Board. “The 2009 annual report shows our development efforts once again bearing fruit, enabling us to meet ever higher expectations. Our modern, efficient, cutting-edge facilities also help attract and retain carriers and are undoubtedly a big part of the story. More than ever, Jean Lesage International Airport has become a major gateway and a center of vitality and growth.

Another year of growth

Despite the world economic crisis that hit the airline industry hard, Aéroport de Québec in 2009 experienced an increase of 1.2% in traffic and 14% in revenues across the board.

This overall performance led to an excess of proceeds over expenses of $4,328,171, compared to $9,589,317 in 2008. These results are particularly remarkable in that Aéroport de Québec experienced for example a 19% increase in operating costs, a 26% increase in payroll, and a 76% increase in payments in lieu of taxes.

The growth in traffic was particularly sustained for transborder and international flights, which experienced increases of 14.5% and 20.3% respectively. This remarkable performance was due to such factors as new connections, including daily United Airlines flights to Chicago, six new weekly southbound connections added by Sunwing, Transat, and Canjet, three new Porter Airlines flights to downtown Toronto, and Transat’s new connections to Bordeaux and Marseille. Just recently, United Airlines announced a daily flight to Washington beginning June 10, 2010. Since 2006, international traffic has more than doubled, while transborder traffic continues its recent surge with an increase of 33%—results that mirror constant increases in available services.

“Our success reflects the dedication, professionalism, and thoroughness of our team shown every day in the promise of a very special airport experience,” said President and CEO Gaëtan Gagné. “Over the next few years, we must continue our efforts in order to deal with increasing traffic and satisfy ever-higher expectations. If current trends continue, we should reach 1.5 million passengers in 2015 and close to 2 million in 2020. It all shows the importance for Aéroport de Québec of getting started with the next investment phase, giving our organization the tools it needs to continue to develop and remain an economic engine for the area.” Since November 1, 2000, Aéroport de Québec Inc. has overseen the management, operation, maintenance, and development of Jean Lesage International Airport. More than a dozen airlines operate out of the airport, servicing multiple destinations in North America, the Caribbean, Mexico, and Europe through more than 50 daily direct flights to Eastern Canada and the United States’ biggest gateways, including Montreal, Ottawa, Toronto, New York, Detroit, Cleveland, Washington and Chicago. An additional 45 chartered flights also depart the airport each week in winter, carrying passengers to sunshine destinations, as well as Paris, Bordeaux, Marseille, and Nantes.

- 30 -

FOR MORE INFORMATION:
Richard Girard
Tel.: 418-640-2700, extension 2692