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AIRLINES DENOUNCE LAX PLAN TO TAKE MONEY FROM AIRPORT

 AIRLINES DENOUNCE LAX PLAN TO TAKE MONEY FROM AIRPORT
 WASHINGTON, Nov. 4 /PRNewswire/ -- Voters in Los Angeles


yesterday approved Proposition K by the narrowest of margins (50.6 percent to 49.4 percent). The city charter amendment authorizes the use of revenues generated by Los Angeles International Airport (LAX) for general city services. Jim Landry, president of the Air Transport Association, issued the following statement on the voting results:
 The airlines serving Los Angeles, and their 30,000 employees working in the city, are disappointed that the voters agreed to allow City Hall politicians to siphon money away from LAX, the city's most important economic asset. At the same time, we are encouraged by the fact that more people voted against Proposition K than voted against proposals on the same ballot to raise their own property taxes. The Prop K vote is hardly a mandate for revenue diversion. It showed considerable support for LAX.
 Inevitably, revenue diversion will lead to higher costs for the airlines and their customers at Los Angeles and will do significant harm to the long-term health of LAX. Equally important, Proposition K violates federal law. In the months ahead the airlines will vigorously oppose any efforts to make the changes in federal law necessary for Los Angeles to implement its plan.
 -0- 11/4/92 R
 /CONTACT: William E. Jackman of the Air Transport Association, 202-626-4172/ CO: Air Transport Association ST: California IN: AIR SU: LEG


TW -- DC021 -- 2639 11/04/92 15:58 EST
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Date:Nov 4, 1992
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