Common Contracts
1 similar null contracts
Airline Capital Review and Majority-in-InterestDecember 6th, 2017
An airline use agreement covers many aspects of the business arrangements between an airport and airlines, with three primary issues: rates and charges, capital review, and facility control. Embarking on a multi-billion-dollar capital program can provide exciting opportunities for airlines to expand service and for the airport to grow, but may also disrupt a relationship that will take years to recover. A carefully designed capital review process can clarify each party’s rights and obligations, as well as avoid conflicts during the term of the agreement. The capital review process is closely tied to the airport rates and charges methodology and is illustrated as follows:
