Printer Friendly

USAIR AND CITY OF PHILADELPHIA REACH TENTATIVE AGREEMENT ON AIRPORT TERMINAL RENOVATION AND RUNWAY EXPANSION

 PHILADELPHIA, Feb. 24 /PRNewswire/ -- USAir and the city of Philadelphia have reached a tentative agreement to move ahead with capital improvements at Philadelphia International Airport. The improvements include $65 million in various terminal renovations, including a Terminal-B-C renovation project, and a new $214 million commuter airline runway expansion project.
 "This agreement marks USAir's commitment to the Philadelphia community and the further development of our Philadelphia hub which is a strong anchor for our Northeast route network," said Seth E. Schofield, USAir chairman, president and CEO.
 "While we had hoped to make this announcement in tandem with an agreement for a new governing authority for the airport, we have not yet reached that point in our discussions," he said. "Our customers are important to us and should not have to wait for these much-needed improvements while discussions continue, so we are moving forward, hopeful that progress will be made in the near future on creating a new airport authority."
 "These planned improvements will help assure growth and enhancement of transportation services at Philadelphia International Airport, a major hub for USAir," said Mayor Edward Rendell, city of Philadelphia. "The citizens of Philadelphia and the surrounding metropolitan areas deserve a modern, up-to-date facility, and I am pleased that jointly the city and USAir have taken this first step toward airport capital improvements."
 The agreement covers five separate projects: (1) renovation and reconstruction of facilities in Terminals B and C at a cost of $49 million; (2) renovation of gates in Terminal C at a cost of $3 million; (3) development of a new regional airline facility at a cost of $8 million; (4) development of a new ramp control tower for $5 million; and (5) development of a new 5,000-foot runway for regional aircraft use.
 The capital improvements will be funded from a variety of sources. The city will fund the terminal improvements through a combination of passenger facility charges and revenue bond funds. USAir supports the use of passenger facility charges for these projects.
 Construction is expected to begin on the terminal improvement projects sometime in 1994, with final completion of the improvements in late 1995 or early 1996.
 The runway expansion also will begin in mid-1994 with completion by 1996. Addition of a separate runway for use by regional aircraft will significantly decrease airfield delays for airline customers and lower airline fuel and operating costs, due to increased runway capacity.
 USAir offers 313 total daily departures at Philadelphia, including 205 USAir jet and 108 USAir Express departures. USAir provides Philadelphia-area customers with nonstop service to cities in the United States, Puerto Rico, Canada, the Bahamas, France and (coming in May '93) to Germany.
 /delval/
 -0- 2/24/93
 /CONTACT: USAir Corporate Communications, 703-418-5100/
 (U)


CO: USAir ST: Pennsylvania IN: AIR SU:

IH-MH -- DC016 -- 9984 02/24/93 14:38 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 24, 1993
Words:470
Previous Article:NEW YORK CITY JOINS FISHER SCIENTIFIC BOYCOTT
Next Article:FINANCE BOARD ANNOUNCES CIP LENDING UP 35 PERCENT IN 1992; PROGRAM EXCEEDS $2.7 BILLION AS SOUTH SHORE BANK APPROVED FOR MEMBERSHIP
Topics:


Related Articles
Focus: the Baer necessities.
CONSTRUCTION OF $200 MILLION USAIR TERMINAL AT NEW YORK'S LAGUARDIA AIRPORT COMPLETED BY MORSE DIESEL INTERNATIONAL
USAIR MOVES INTO NEW PITTSBURGH AIRPORT
AFA LAUNCHES ROADSHOW TO EXPLAIN USAIR FLIGHT ATTENDANT TENTATIVE CONTRACT
USAIR CHAIRMAN LAUDS DOT DECISION APPROVING BRITISH AIRWAYS AGREEMENTS
USAIR CHAIRMAN LAUDS DOT DECISION APPROVING BRITISH AIRWAYS AGREEMENTS
USAIR TO ACQUIRE FIVE GATES AT ORLANDO FROM UNITED AIRLINES
CLEARING AIR ON LAX RUNWAY CRASH AVIATION: 1991 COLLISION THAT KILLED 34 PEOPLE UNDERSCORES NEED FOR AIRPORT IMPROVEMENTS.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters