Airport revenue bonds

The Local Government Commission voted to allow the Greater Asheville Regional Airport Authority to sell $175 million of transportation revenue bonds.

Airports are being squeezed by modernization demands and servicing existing debt.

The ratings agency says enplanement levels is key to the action.

Fitch Ratings raised Miami-Dade County's $4.9 billion of aviation revenue and revenue refunding bonds to A-plus from A.

His experience overseeing major infrastructure projects at public transportation agencies prepares him for the FAA job, Washington told senators.

The award to the South Terminal's private operator comes as Austin plans to demolish the facility as part of an expansion project to accommodate increased airport traffic.

If the USVI closes the deal, it would mark only the second long-term lease of a U.S.-based airport, after Puerto Rico's Luis Munoz Marin International Airport.

The rating agency raised the system's subordinate-lien general airport revenue bond rating to A-plus from A with a stable outlook amid increased enplanements.

KBRA said the upgrade reflected the airport's large and growing service area, anchored by Miami, which is a vibrant center for tourism and trade.

The operator of the South Terminal said it expects to prove hundreds of millions of dollars in damages caused by the city of Austin's "unlawful actions."

Removing the passenger facility charge cap of $4.50 would provide airports with more flexible and consistent funding options to help them become more self-reliant, a Reason Foundation study said.

Chicago's O'Hare $1.77 billion offering took center stage this week with the city offering a diverse structure to lure buyers.

The "after-action" report concluded that the Great Hall project would have been better served with a more traditional finance and contracting approach.

The Minnesota Airports Commission is also in the bond market with a $386 million deal this week, followed by Chicago's $1.77 billion transaction next week.

Several large new issues priced. Municipal yields were little changed, U.S. Treasuries were weaker on the short end and stocks ended in the red ahead of the much-anticipated July inflation figure.

Investors will be greeted Monday with an increase in supply with the new-issue calendar estimated at $5.941 billion, up from total sales of $1.700 billion.

Phil Washington would bring an issuer's perspective to the top FAA spot.

Denver International Airport returns to the municipal market boosted by a rating upgrade as it recovers from passenger and revenue losses in the pandemic.

S&P raised the outlook to positive for St. Louis Lambert's general credit and Chicago O'Hare's customer facility charge credit.

The airport benefits from growing population “that skew[s] young and wealthy,” the rating agency said.