Cincinnati/Kentucky Airport Bets Future on a New Runway

Carvlin, Elizabeth
April 2003
Bond Buyer;4/7/2003, Vol. 344 Issue 31609, p1
Trade Publication
Cincinnati/Kentucky Northern Kentucky International Airport will issue 135 million dollars of revenue bonds to finance a new runway at the airport. The Kenton County Airport Board will issue the bonds, which include 60 million dollars of auction reset securities backed by a letter of intent for federal airport improvement grants and 75 million dollars backed by passenger facility charges. The letters obligate the U.S. Federal Aviation Administration to pay the airport funds each year until 2011. The sale comes as a result of a marketing alliance between Delta Airlines Inc., Continental Airlines Inc. and Northwest Airlines Inc.


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