Air Canada lashes out at Porter's plans to fly jets at Billy Bishop as Porter sustains status quo

Canadian airline Porter received a boost in early 2015 with the sale of its terminal at its largest base and headquarters Billy Bishop Toronto City Airport. The sale no doubt helped to shore up Porter's finances at it awaits a decision by the city on whether it can move forward with operating Bombardier CSeries narrowbody jets from the airport.

The city is not likely to render a decision until late in 2015 as studies of the proposal, that includes a runway extension, continue. But Porter's rival Air Canada has recently raised staunch opposition to the operation of jets at the airport even as the airline in the past reportedly cited interest in using jets at the airport closest to Toronto's city centre.

As Air Canada formally (and unsurprisingly) launches opposition to Porter's plans, Porter is operating in a status quo scenario while likely facing some of the same challenges other Canadian airlines face in 2015 - primarily pressure from the decline of the CAD against the USD.