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The airport recently extended its use and lease agreement through September 2009 or the date of beneficial occupancy of the new Terminal B. The airport recently extended its use and lease agreement through September 2009 or the date of beneficial occupancy of the new Terminal B. While Fitch continues to believe that the airport's new terminal, which continues to proceed both on-time (date of beneficial occupancy late 2007) and on-budget (approximately $31 million), may help to bolster passenger traffic, the prospect for increased and/or new commercial carrier service is extremely limited, particularly as the largest airport in the world, Hartsfield-Jackson International Airport (airport revenue bonds rated 'A+' by Fitch) is less than three hours away. |
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