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HCAA |
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The SH&E /Flight Safety Foundation team conducted a comprehensive assessment focusing on the HCAA Flight Standards Division's ability to ensure that the civil aviation system operates safely and sustains compliance with the standards and recommended practices of the ICAO," stated Louis Sorrentino, team leader and Vice President and Managing Director of SH&E's Safety practice. The 'A+' rating reflects the strength of TPA's compensatory airline agreement, which allows HCAA to generate significant levels of unrestricted cash flow and internally fund necessary capital projects, its historically healthy operating performance, a competitive cost structure driven by strong non-airline revenue generation, and considerable air carrier diversity. Prior to 1999, TPA's airline use and lease agreements allowed no excess cash flow for HCAA at the relatively slim 1. |
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