PALMDALE FLIGHT PLANS STARTING TO SHAPE UP.Byline: JIM Jim Miss Watson’s runaway slave; Huck’s traveling companion. [Am. Lit.: Huckleberry Finn] See : Escape SKEEN Staff Writer PALMDALE -- United Airlines will schedule flights between Palmdale and San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden to connect to 60 destinations worldwide under its agreement to begin service in June in the high desert. The airline and the city of Palmdale have set a goal of generating $4.4 million with the new commercial service out of the newly renamed L.A./Palmdale Regional Airport. "This is a great, great thing for our valley," said Palmdale Mayor Jim Ledford. On Monday, the City Council is expected to approve an incentive plan that will provide $2 million to underwrite To insure; to sell an issue of stocks and bonds or to guarantee the purchase of unsold stocks and bonds after a public issue. The word underwrite has two meanings. any loss incurred by United. The agreement covers a three-year period beginning June 7, the target date for the start of United's service between Palmdale and San Francisco. Under the agreement, United is required to provide a minimum of 26 flights weekly -- 13 departing and 13 arriving. There will be twice-daily departures except for Saturday when there will be just one. United has agreed to schedule flights to maximize access to connecting flights for passengers. The schedule will allow for connecting flights to approximately 60 destinations on flights offered either by United or its Star Alliance partners. The flight schedule is to be available no later than April 1. The agreement does not set fares. However, there is a statement that the fares "shall not vary significantly in price levels or terms and conditions" from those offered for routes of similar distance and in similar-size markets. The financial underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. is part of a $4.6 million incentive package put together by a coalition of supporters of Palmdale's airport to lure in an airline. The coalition, called Wheels Up Palmdale, was successful in landing a $900,000 federal grant to help underwrite airline service. Initially, Los Angeles World Airports Los Angeles World Airports or LAWA is the airport oversight and operations department for the city of Los Angeles, California. This department owns and operates Los Angeles International Airport, LA/Ontario International Airport, Palmdale Regional Airport, and Van , the city of Los Angeles' airports department, was to provide $1.1 million of the financial underwriting, but that obligation has shifted to Palmdale. Constraints in federal regulations on the use of airport revenues prompted the Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control and the U.S. Department of Transportation to ask that Palmdale pick up that financial obligation. LAWA LAWA Los Angeles World Airports LAWA Lawrence's Warbler (bird species) , however, will provide $1.1 million for marketing the service. "It's really an accounting issue," Ledford said. "The money is still the same." A LAWA spokesman said the change was an administrative reallocation Noun 1. reallocation - a share that has been allocated again allocation, allotment - a share set aside for a specific purpose 2. reallocation of financial responsibilities and that the commitment to the effort remains the same. LAWA is also providing more than $1 million to the package in the form of rent waivers for the terminal at Palmdale. james.skeen@dailynews (661) 267-5743 |
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