Porter Today First flight October rd largest scheduled carrier in Canada Highest on-time performance of the three major scheduled carriers in Canada 1,400 employees $2 billion economic impact at Billy Bishop Toronto City Airport Fleet of 26 Bombardier Q400 aircraft 19 destinations in Canada and the U.S. 2.5 million passengers in million passengers since first flight flyporter.com2

Superior Customer Experience Premium Service Offering Single class of premium in-flight service with the most legroom in premium economy Complimentary meals, beer, wine Business lounges for all passengers Flexible fare structure and simplified loyalty program Convenience Porters main hub is Toronto City Airport located in downtown Toronto Complimentary Toronto shuttle bus from airport to Union Station Fast check-in and security Frequent daily flights Key business and popular leisure centres as destinations flyporter.com3

Route Map flyporter.com4

Frequency RouteDaily Frequency from Toronto Ottawa17x Montreal17x Newark/New York13x Boston7x Halifax6x Chicago6x Thunder Bay5x Sudbury4x Sault Ste. Marie4x Quebec City3x Timmins3x Windsor3x St. Johns3x Monctondaily Burlington, VTSeasonal Mont TremblantSeasonal Myrtle BeachSeasonal flyporter.com5

Billy Bishop Toronto City Airport Downtown location plus simplified terminal experience saves passengers two hours or more on a round trip flight flyporter.com6

Porters Main Terminal Porter built and owns a $55 million terminal completed in 2010 to support long term growth at BBTCA flyporter.com7

Business Lounges For All Passengers (Toronto, Ottawa, New York) flyporter.com8

Q400 Fleet With 70 seats and 34 Pitch flyporter.com9

Complimentary Downtown Toronto Shuttle flyporter.com10

Highest Customer Satisfaction Ipsos (independent business traveler study) 83% extremely or very satisfied Highest customer satisfaction rating from Ipsos business travel study Skytrax 4-Star Airline rating from Skytrax Highest airline rating in North America Conde Nast Highest-rated Canadian airline by Conde Nast Best small airline in world: runner-up 4 th highest rated airline in the world flyporter.com11

Porters Growth Porter has increased access to air travel through convenient local service and easy connecting service to Porters other domestic and international destinations Average ticket price decreases of greater than 50% Markets have grown with stimulation from competition and reduced fares Increased air traffic increases airport revenues, economic activity and tax revenue Fare Change -53%-55%-60%-66% Market Size +38%+40%+67%+54% Porter has Changed the Air Travel Market flyporter.com12

Air Canada serves airport from 1990 to 2006 Porter begins service in late 2006 TPA and Porter have invested over $200 million in infrastructure to support the revitalization of BBTCA since Porters launch in 2006 Canadas 9th busiest airport and one of the fastest growing airports worldwide Billy Bishop Toronto City Airport Growth flyporter.com13

The Future of Billy Bishop Toronto City Airport Pedestrian tunnel under construction to be completed by early 2014 $82.5 million tunnel is fully private sector funded flyporter.com14

Pedestrian tunnel to be completed in 2014 The Future of Billy Bishop Toronto City Airport flyporter.com15

The Future of Billy Bishop Toronto City Airport flyporter.com16

Porters success has enabled the company to increase its fleet size and also grow its employee base to become a major employer in downtown Toronto Porter Escapes – Packaged Vacation offering (i.e. Air / hotel / activities) flyporter.com17 Porters Growth

52% Annual Growth Porter Statistics flyporter.com18

Thank you Billy Bishop City Airport Toronto, Ontario Canada M5V 1A1 Tel: (416) Fax (416)