The airport is operated as a department of PortsToronto (formerly Toronto Port Authority (TPA), a federal corporation that also manages the Port of Toronto. The airport is considered by Nav Canada to be an entry airport and is occupied by the Canada Border Services Agency (CBSA).  CBSA officers at the airport may handle aircraft for up to 90 passengers.  The airport did not clear the U.S. border, although this was authorized by Canada and the U.S. government. Airport operating hours are from 6:45 a.m. .m to 11:00 p.m.m, with the exception of MEDEVAC flights.  Airport opening hours are governed by the update of the 2003 tripartite agreement, which sets operating hours.  Airfield Crash Fire Rescue and EMS are provided by Billy Bishop Emergency Response Airport, supported by Toronto Fire Services and Toronto EMS. Silence has not repressed the swirling questions about what the future holds for both Porter and the revitalized airport. If, without his jet growth plan, Porter is sold to a rival, fights or even fails, many wonder if the decades-long battle for Toronto Airport is considered over or whether it starts again. Toronto Police Service Marine Unit Boats and Toronto Fire Boat Services (William Lyon Mackenzie and Sora) can provide rescue operations in waters near the airport.
The airport is located on the Toronto Islands, southwest of downtown Toronto. The airport has a main runway to the east-west, a shorter 20-degree runway and a seaplane base, Billy Bishop Toronto City Water Aerodrome. The airport is used for regional air transport and general aviation, including emergency medical flights (due to its proximity to downtown hospitals), small charter flights and private aviation. Under the operating agreement, jets are banned from the airport, with the exception of MEDEVAC flights. There is a passenger terminal at the airport, built in 20. To allow Porter Airlines to extend the runway by 168 metres in each direction and allow Bombardier CS100-Jets to use the airport, the agreement would still have to be amended.