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Atlanta reaches groundbreaking agreement with Delta and AirTran

1-Sep-2010 11:27 AM

US' City of Atlanta announced (31-Aug-2010) an agreement with Delta Air Lines, AirTran, ASA and other airlines that serve Hartsfield-Jackson Atlanta International Airport. The agreement amends Delta’s Central Passenger Terminal Complex lease, which was extended in 2009. Under the terms of the agreement, the carriers will pay a supplementary terminal rental payment of USD30 million, spread over a four-year fiscal period from 2013 to 2016, to Hartsfield-Jackson over the remainder of the current lease, which expires in 2017. The supplementary payments will help to fund the international terminal and will enable the airport to retain adequate financial reserves to maintain its credit rating. The supplemental payments, paid in equal monthly installments, are as follows: USD12 million in FY2013; USD8 million in FY2014; USD5 million in FY2015; and USD5 million in FY2016. [more - City of Atlanta] [more - AirTran]