Posting Language
Title
Authorize negotiation and execution of Signatory Airline Use and Lease Agreements with commercial passenger airlines and commercial cargo carriers or companies for use of the Austin-Bergstrom International Airport, for an initial term starting January 1, 2026, and ending September 30, 2035, with a two-year extension option; and authorize negotiation and execution of Non-Signatory Airline Agreements and Non-Signatory Cargo Agreements for a month-to-month term with those carriers or companies that choose not to become signatories under the new signatory agreements. Funding: There is no revenue impact for the Fiscal Year 2024-2025 Operating Budget of the Department of Aviation due to the proposed January 1, 2026 effective date for the agreements. This item will generate sufficient revenues to meet operations and maintenance needs and debt service requirements during the proposed term of the agreements from Fiscal Years 2026 to 2035.
De
Lead Department
Aviation
Fiscal Note
There is no revenue impact for the Fiscal Year 2024-2025 Operating Budget of the Department of Aviation. This item will generate sufficient revenues to meet operations and maintenance needs and debt service requirements during the proposed term of the agreements from Fiscal Years 2026 to 2035. Alongside non-airline revenues, airline revenues generated from the agreements will be utilized to fulfill debt service coverage requirements, fund operations and maintenance expenses, and provide funds for the airport's capital improvement program and the Airport Expansion and Development Program over the proposed term of the agreements.
For More Information:
Inquiries should be directed to Tracy Thompson, Airport Chief Officer - Business & External Affairs at tracy.thompson@flyaustin.com, 512-530-5023 or Ghizlane Badawi, Chief Executive Officer at ghizlane.badawi@flyaustin.com, 512-530-8846.
Council Committee, Boards and Commission Action:
To be reviewed by the Airport Advisory ...
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