DFW Doubles Deal Size to $1.7 Billion

Albanese, Elizabeth
April 2003
Bond Buyer;4/28/2003, Vol. 344 Issue 31623, p1
Trade Publication
The Dallas-Fort Worth International Airport Board unexpectedly decided to bring to market bonds to finance its entire$ 1.72 billion capital development program to market, more than doubling its planned issuance amid the fast-paced events that affected the airport's largest tenant, American Airlines. MBIA Insurance Corp. and XL Capital Assurance will insure a$ 118 million Series C tranche of auction-rate debt that will finance security projects. American's president and chief operating officer Gerard Arpey was named as the airline's new chief executive officer, while board member and retired Sears, Roebuck and Co. chairman, president, and CEO Edward Brennan was named executive chairman of the company.


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