The NOAB believes the ageing infrastructure limits the existing terminal's ability to generate enough revenue from parking and retail activity, leaving the airport with a high-cost, low-revenue model which inevitably means airlines, and ultimately passengers, pay more for their services.
The NOAB is keen to emphasise that the City of New Orleans will not be funding any part of the new terminal project.
Nolan Rollins, Chairman of the NOAB added: "For decades, the Aviation Board has studied the possibility of building a world class airport.
Midrange Revenue Risk Profile: NOAB is not exposed to material air service competition.
Strong GARB Financial Metrics: NOAB maintains a very strong balance sheet, now with over 780 days cash on hand and very low leverage of 1.
In October 2010, the NOAB
notified the Federal Aviation Administration (FAA) of its withdrawal from the airport privatization pilot program after the airport's preliminary application had been approved in September of 2009.
will issue an addendum to the RFP with the sign-in sheets, listing the names of attendees, their representative firms and contact information; and a copy of the preproposal meeting presentation
Attn: Title: NOAB
Procurement Department (NOAB
Contractors must receive an approved purchase order from the NOAB
prior to beginning all work or acceptance and processing of all orders.
Notes: The term of this agreement will be for one (1) year with three (3) one-year options to renew at the sole discretion of the NOAB