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Board committee adds eight airlines to airport lease-and-use agreement; expects hundreds of millions in revenue
Summary
The Budget and Finance Committee forwarded resolutions to add eight airlines to the airport's lease-and-use agreement; airport staff said the additions will generate roughly $361 million–$367 million in revenue over the remaining term and the committee recommended approval to the full board.
Airport staff told the Budget and Finance Committee on Jan. 31 that eight additional carriers have signed onto the airport's 2023 lease-and-use agreement and asked supervisors to add them as signatories so they can operate and rent terminal space.
Kathy Wagner, the airport's chief of external affairs, said the eight carriers (which include Aer Lingus, Flair, Hawaiian, JetBlue, Qatar Airways, TAP and Starlux) will assume the remaining term on the 10-year agreement approved in 2023 and that the airport anticipates approximately $361 million to $367 million in revenue from terminal rentals and landing fees from these signatories over the remaining lease term. The BLA reviewed the additions and recommended approval.
The committee voted to forward the resolutions to the full board with a positive recommendation.
Next steps: The full Board of Supervisors will consider the additions per the usual consent process for airport leases.
