Airport Groups Ask Congress to Relax Rules Governing Debt Services Payment

Sanchez, Humbero
June 2003
Bond Buyer;6/4/2003, Vol. 344 Issue 31649, p5
Trade Publication
Two airport groups in the United States called on Congress on June 3, 2003 to allow airports to temporarily use federal airport improvement program funds and passenger facility charges to make payments on existing debt as well as to provide them with the authority to advance refund their debt. David Siegell, president and chief executive officer of US Airways Inc., sent a suggestion to Pennsylvania governor that Allegheny County Airport Authority reduce Pittsburgh International Airport's outstanding debt by 500 million dollars to lower the per-passenger costs airlines pay there. The groups hope to have the proposal included in pending air transportation funding bills that are expected to be considered by the full House and Senate in 2003.


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