Aug. 23, 2002
Airline bankruptcies and cuts in service threaten to cost San Francisco International Airport millions of dollars in landing fees and rents.
Airport officials and bond agencies — which earlier this year cut the airport's credit rating — are watching the situation closely. They say SFO's fiscal safeguards, cost-cutting and status as an international travel gateway should mitigate financial turbulence in the short term.
Yet financial documents show the airport already has creatively shuffled some funds to meet its bond repayments — using a common airport fiscal technique that costs more over the long haul.
Friday, October 09, 2009
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