allas/Fort Worth International has launched a major terminal upgrade program that will take eight years and up to $2 billion to finish, resulting in the complete renovation of the airport’s four original terminals — A, B, C E — all of which opened in 1974.Funding for the program will come from bonds sales, available capital and other sources, officials said.
he global recession that has caused airports to resort to personnel layoffs and wage/hiring freezes also has given rise to creative thinking that is paying off in financial and operational terms. In a time of shrinking enplanements, it may sound like a sensible idea to cut back or defer maintenance as a short-term, cost saving measure.
AAE President Charles Barclay on Nov. 12 interviewed DOT Secretary Ray LaHood. The secretary and Barclay discussed, among other topics, the timing of FAA reauthorization and the need to make permanent the temporary Alternative Minimum Tax fix on private activity bonds.
