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City Council adopts $516,830 airport supplemental budget to cover Avelo minimum revenue guarantee
Summary
Following a public hearing, the Salem City Council adopted a supplemental FY2025 budget to give the Airport Fund authority to cover a minimum revenue guarantee for Avelo Airlines, with staff citing federal and Travel Salem commitments to offset the cost.
The Salem City Council voted Feb. 24 to adopt Resolution 2025-5, a supplemental FY2025 budget action increasing Airport Fund appropriation authority by $516,830 to cover the Avelo Airlines minimum revenue guarantee.
Management analyst Kelly Blake Schmidt explained the airport's agreement with Avelo includes a minimum revenue guarantee that covers shortfalls when ticketing and ancillary revenue fall below a contracted floor. Staff did not anticipate the need for…
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