Airport revenue bonds

BofA Securities is the latest firm to scoop up former employees from Citi, which decided to shutter its muni division late last year.

Chicago will issue $80.865 million of Series 2024A and 2024B senior lien airport revenue refunding bonds for Midway, with a pricing date to be determined.

Bond trustee UMB Bank notified bondholders that Branson Airport's leaders want to pursue federal grant funding for maintenance and infrastructure upgrades, but it will require bondholder approval.

The Houston City Council was unable to vote on initial financing for a $2.55 billion terminal renovation project at George Bush Intercontinental Airport without certification by the city controller.

"This bill is aimed at providing more economic opportunity for our cash-strapped airports," said bill sponsor Rep. Chip Brown before the House passed it 98-2.

U.S. DOT Deputy Secretary Polly Trottenberg traveled to Miami-Dade County to highlight the $27 million of funding provided under the bipartisan infrastructure law to Miami International Airport's improvement projects.

The terminal project grants come as air traffic officially recovered to pre-pandemic levels last year.

The upcoming fiscal 2025 budget will take "some first steps" to address a structural gap of about $158 million, Melissa Dubowski said.

Newark Liberty, John F. Kennedy and LaGuardia airports remain on track to see their busiest year ever as 132 million passengers have passed through in 2023.

The nation's fourth-largest city will have new officials at the helm of its government and finances for the first time in eight years.

The municipal bond rally has brought two big Illinois issuers into the market with plans to sell refunding bonds this week.

City Controller Chris Brown called for more due diligence on financing plans for a $2.6 billion project to renovate Bush Intercontinental Airport's Terminal B.

Fitch also affirmed the GOAA's AA-minus rating on $1.8 billion of outstanding senior lien airport facilities revenue bonds and A-plus on $867 million of subordinate lien airport facilities revenue bonds.

The Metropolitan Airports Commission will sell about $125 million of bonds to complete its share of financing for the largest interior renovation of 61-year-old Terminal 1.

Year-to-date, MIA has seen passengers levels at 113% of pre-COVID 19 levels, boosted by domestic travel, according to a report from BofA Global Research.

The rating agency cited ongoing positive financial and enplanement trends at the airport, which is planning a refunding.

Fitch Ratings did a deep dive on the nation's major airport capital programs, as projects have begun, and how they plan to fund them.

Mitigation efforts can't always prevent a ratings drop.

The Local Government Commission approved issues for Charlotte's airport and arena and other projects around the state while returning fiscal control to Robersonville.

When Los Angeles World Airports CEO Justin Erbacci steps down next month, Beatrice Hsu will step up as interim CEO.