Please patronize our sponsors. Ads with links are clickable.
Teterboro bringing
airport operations in-house
Friday, August 4, 2000, GA News
TETERBORO, New Jersey — Teterboro Airport, the general aviation gateway to
New York, is about to undergo a sweeping change in its operations.
The airport’s owner, the Port Authority of New York and New Jersey, has
announced that it will begin running the facility itself in late summer or
early fall. It marks the first time in more than 30 years that it has
brought the field’s operations and maintenance activities in house.
After purchasing Teterboro (TEB) in 1949 for $3 million from businessman
Fred Wehran, the Port Authority ran the airport itself for 20 years. In 1970
it leased the field to Pan American World Services, which operated it until
1989, when Johnson Controls World Services assumed the lease.
Under a 30-year lease agreement that expired on Dec. 31, 1999 (it had been
extended), Johnson Controls collected all fees, estimated to be about $12
million annually, and paid the Port Authority $1 million. Under the new
arrangement, the Port Authority has signed a five-year deal with American
Port Services (AmPorts) to handle day-to-day operation of the airport while
the Port Authority plays a key role in running it. The Port Authority, which
will now collect fees, will pay AmPorts approximately $1 million a year
toward operating and maintaining the airport, and for staff salaries. The
fee will be renegotiated every year based on equipment needs, snow-removal
expenses, etc.
####
|
[