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Council authorizes airport lease and preliminarily approves up to $300 million in Aviation Board bonds
Summary
Council approved a five-year lease for GATT Airline Ground Support Inc. at Louis Armstrong New Orleans International Airport and granted preliminary approval for up to $300 million in New Orleans Aviation Board revenue refunding bonds to finance airport capital improvements.
The City Council approved two airport-related measures: an ordinance authorizing the New Orleans Aviation Board to enter a five-year lease with GATT Airline Ground Support Inc. at a facility near Louis Armstrong New Orleans International Airport, and a resolution granting preliminary approval for the Aviation Board to issue up…
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