PortsToronto, which runs Billy Bishop airport, is looking to private investors to operate the facility and ensure its long-term viability.
Flair is set to become the first ultra low-cost Canadian carrier to serve Montreal with an expansion set to begin in July.
Westjet announced a western expansion with flights that bypass its Calgary hub as it restarts with cautious optimism.
Toronto and Montreal, two of Canada’s busiest airports, reported combined losses of more than $600 million in 2020.
Westjet said it will restore all of its pre-COVID domestic destinations if governments continue on the path of easing travel restrictions.