Midway International Airport

KBRA Assigns 'A' Rating to Chicago Midway Airport Senior Lien Airport Revenue Refunding Bonds Series 2024A (AMT) and Series 2024B (Non-AMT); Affirms Rating for Parity Bonds; Withdraws Rating for Second Lien Airport Revenue Bonds

Retrieved on: 
Thursday, March 7, 2024

KBRA assigns a long-term rating of A with a Stable Outlook to the City of Chicago, IL Chicago Midway Airport: Senior Lien Airport Revenue Refunding Bonds, Series 2024A (AMT); and, Senior Lien Airport Revenue Refunding Bonds, Series 2024B (Non-AMT).

Key Points: 
  • KBRA assigns a long-term rating of A with a Stable Outlook to the City of Chicago, IL Chicago Midway Airport: Senior Lien Airport Revenue Refunding Bonds, Series 2024A (AMT); and, Senior Lien Airport Revenue Refunding Bonds, Series 2024B (Non-AMT).
  • KBRA additionally affirms the long-term rating of A for parity Senior Lien Airport Revenue Bonds.
  • Finally, KBRA withdraws the long-term rating of A for the City's Chicago Midway Airport Second Lien Airport Revenue Bonds.
  • This action follows the City's retirement of all remaining legacy First Lien Bonds, closure of the previously existing first lien, and redesignation of outstanding Second Lien Bonds as Senior Lien Bonds under the Amended and Restated Senior Lien Master Indenture of Trust.

Aviation Veteran Doug Crowther Joins Odyssey Aviation U.S. as President

Retrieved on: 
Tuesday, January 9, 2024

BONITA SPRINGS, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Odyssey Aviation U.S. (“Odyssey”) today announced it expanded its management team, with aviation veteran Doug Crowther joining the firm as President. In addition, highly-tenured aviation executive Ken Allison was named CEO, and will focus on the strategic initiatives of the Fix Based Operators (FBO) network. Odyssey has a network of FBOs providing services to private aviation customers and air cargo operators, with locations in Florida (KISM), Michigan (KYIP) and Georgia (KSSI).

Key Points: 
  • BONITA SPRINGS, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Odyssey Aviation U.S. (“Odyssey”) today announced it expanded its management team, with aviation veteran Doug Crowther joining the firm as President.
  • “An experienced aviation leader, Doug Crowther is an incredible addition to our team.”
    Ken Allison, CEO of Odyssey Aviation United States, grew up with aviation in his blood.
  • In 2015, he joined with longtime friends and aviation industry veterans, Sal Calvino and Blake Fish to create Odyssey Aviation U.S. Today, Sal Calvino continues with Odyssey Aviation U.S., as Chairman of the Board.
  • Sal Calvino added, “With Doug joining the terrific leadership team headed up by Ken Allison, Odyssey Aviation U.S. is strongly positioned for growth and expansion.”
    According to Crowther, “I am enthused to join the team here, and this incredible opportunity to help build Odyssey Aviation, a firm well-regarded for its great service and aviation professionals.

KBRA Assigns Chicago Midway International Airport Senior Lien GARBs A, Stable Outlook; Affirms Second Lien Bonds

Retrieved on: 
Friday, December 8, 2023

KBRA assigns a long-term rating of A, with a Stable Outlook to the City of Chicago – Chicago Midway Airport Senior Lien Airport Revenue and Revenue Refunding Bonds, Series 2023A (AMT); Senior Lien Airport Revenue Refunding Bonds, Series 2023B (Non-AMT); and Senior Lien Airport Revenue Refunding Bonds Series 2023C (AMT).

Key Points: 
  • KBRA assigns a long-term rating of A, with a Stable Outlook to the City of Chicago – Chicago Midway Airport Senior Lien Airport Revenue and Revenue Refunding Bonds, Series 2023A (AMT); Senior Lien Airport Revenue Refunding Bonds, Series 2023B (Non-AMT); and Senior Lien Airport Revenue Refunding Bonds Series 2023C (AMT).
  • Additionally, KBRA affirms the long-term rating of A, and Stable Outlook, on the Airport’s outstanding Second Lien Revenue Bonds.
  • This Rating Press Release was revised on December 8, 2023 to reflect the City's decision to issue three series of senior lien bonds rather than two.
  • Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.

New York’s JFK is the Second Most Internationally Connected Airport in the World, OAG Data Reveals

Retrieved on: 
Tuesday, September 19, 2023

Among the Global Top 20, JFK is followed by Chicago O’Hare (ORD) at #10 and Atlanta Hartsfield-Jackson (ATL), the world’s busiest airport, at #14.

Key Points: 
  • Among the Global Top 20, JFK is followed by Chicago O’Hare (ORD) at #10 and Atlanta Hartsfield-Jackson (ATL), the world’s busiest airport, at #14.
  • Outside of the U.S., London Heathrow Airport (LHR) reclaimed the top spot as the world’s number one most internationally connected airport.
  • Domestic Megahubs rankings, Chicago (ORD) ranks #1, followed by Atlanta (ATL), Denver International Airport (DEN), Dallas Fort-Worth International Airport (DFW), Charlotte Douglas International Airport (CLT), Seattle-Tacoma International Airport (SEA) and Los Angeles (LAX).
  • The OAG Megahubs Index 2023 reveals the 50 most internationally connected airports in the world and the 25 most domestically connected airports in the U.S.

SWAPA Announces Nationwide Picket

Retrieved on: 
Tuesday, August 29, 2023

DALLAS, Aug. 29, 2023 /PRNewswire/ -- The Southwest Airlines Pilots Association (SWAPA) will be conducting its first-ever multi-base informational picket on Thursday, August 31 at noon local time at Baltimore Washington, Los Angeles International, Hartsfield Jackson International (Atlanta), Houston Hobby, and Chicago Midway airports.

Key Points: 
  • DALLAS, Aug. 29, 2023 /PRNewswire/ -- The Southwest Airlines Pilots Association (SWAPA) will be conducting its first-ever multi-base informational picket on Thursday, August 31 at noon local time at Baltimore Washington, Los Angeles International, Hartsfield Jackson International (Atlanta), Houston Hobby, and Chicago Midway airports.
  • SWAPA has been attempting to bargain in good faith with Southwest Airlines for more than three years, even filing for federal mediation in September of 2022.
  • They are the last major airline without an agreement in principle and have lost hundreds of pilots to other carriers already this year.
  • We are willing to take the RLA process all the way to its conclusion to ensure that our airline and our pilots have secure futures," said SWAPA President Captain Casey Murray.

Swift Current Energy Secures $779 Million in Project Financing for American-Made Double Black Diamond Solar Project

Retrieved on: 
Wednesday, August 9, 2023

BOSTON and HOUSTON, Aug. 9, 2023 /PRNewswire/ -- Swift Current Energy (Swift Current) announced today that it has closed project financing for its 800 MWdc (593 MWac) Double Black Diamond Solar project.

Key Points: 
  • BOSTON and HOUSTON, Aug. 9, 2023 /PRNewswire/ -- Swift Current Energy (Swift Current) announced today that it has closed project financing for its 800 MWdc (593 MWac) Double Black Diamond Solar project.
  • Lammers continued, "Since we began development of the project in 2018, the Swift Current team has felt a deep sense of conviction for Double Black Diamond Solar.
  • Uzoma Enyinna, Director of Project Finance, Truist Securities, said, "We're extremely pleased to support Swift Current Energy on the financing of the Double Black Diamond Solar project, extending the relationship with Swift Current and the teams at BAES Infrastructure and IFM, focusing on a cleaner and greener future together."
  • "This is a landmark transaction for Swift Current and a significant step toward building Swift Current into an industry-leading independent power producer.

Frontier Airlines Reports Second Quarter 2023 Financial Results

Retrieved on: 
Tuesday, August 1, 2023

DENVER, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the second quarter of 2023 and issued guidance for the third quarter and full year 2023.

Key Points: 
  • DENVER, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Frontier Group Holdings, Inc. (Nasdaq: ULCC), parent company of Frontier Airlines, Inc., today reported financial results for the second quarter of 2023 and issued guidance for the third quarter and full year 2023.
  • "I'm proud of the strong work ethic of Team Frontier employees as we managed through the challenging conditions presented by June weather.
  • We are focused on delivering Low Fares Done Right, including sustaining our cost advantage over the industry as we grow the airline.”
    The following is a summary of second quarter select financial results, including both GAAP and adjusted (non-GAAP) metrics.
  • Refer to “Reconciliations of Non-GAAP Financial Information” in the appendix of this release.

Upgraded Points Unveils the Most Kid-Friendly U.S. Airports in Comprehensive Study

Retrieved on: 
Monday, June 12, 2023

AUSTIN, Texas, June 12, 2023 /PRNewswire/ -- Upgraded Points , a leading provider of travel information and resources, has released a comprehensive guide detailing the most kid-friendly airports in the United States.

Key Points: 
  • AUSTIN, Texas, June 12, 2023 /PRNewswire/ -- Upgraded Points , a leading provider of travel information and resources, has released a comprehensive guide detailing the most kid-friendly airports in the United States.
  • "Traveling with children can be an exciting adventure for the whole family, but it also presents unique challenges," says Alex Miller, Founder of Upgraded Points.
  • To discover which airports are the best and worst for families traveling with kids, the study scored the 45 busiest U.S. airports across 15 ranking factors deemed most vital to smooth family travel.
  • With the lowest on-time flight percentage in the study at 60%, Chicago Midway ranked third-worst in the study.

Former FEMA Regional Administrator and Chicago-Area Aviation Executive Joins IEM

Retrieved on: 
Monday, June 5, 2023

MORRISVILLE, N.C., June 5, 2023 /PRNewswire/ -- IEM, the largest woman-and minority-owned disaster recovery and emergency management global consulting firm, has named Andrew Velasquez III the new Director of Big City Emergency Management. Velasquez will support IEM's emergency management projects, including disaster response and recovery efforts to build resilience, in large metropolitan areas.

Key Points: 
  • Velasquez will support IEM's emergency management projects, including disaster response and recovery efforts to build resilience, in large metropolitan areas.
  • IEM, a global consulting firm, named Andrew Velasquez III the new Director of Big City Emergency Management.
  • Velasquez joins IEM as the firm expands its focus on providing the resources and tools for strategic planning, program management, and safety, security and resiliency initiatives for major metropolitan areas.
  • He also served in the U.S. Army Reserve and completed the Naval Postgraduate School's Executive Leadership programs in Homeland Defense and Security and Radiological Emergency Preparedness.

American Flyers Announces Their Houston, TX Location is Moving to Conroe-North Houston Regional Airport (CXO)

Retrieved on: 
Thursday, May 11, 2023

CONROE, Texas, May 11, 2023 /PRNewswire-PRWeb/ -- American Flyers has been training pilots since 1939 around the United States. After training pilots for over 25 years in Houston, Texas out of David Wayne Hooks Memorial Airport (DWH) they are now relocating just a bit North to Conroe-North Houston Regional Airport (CXO) as of May 10, 2023.

Key Points: 
  • American Flyers Announces Their Houston, TX Location is Moving to Conroe-North Houston Regional Airport (CXO)
    CONROE, Texas, May 11, 2023 /PRNewswire-PRWeb/ -- American Flyers has been training pilots since 1939 around the United States.
  • After training pilots for over 25 years in Houston, Texas out of David Wayne Hooks Memorial Airport (DWH) they are now relocating just a bit North to Conroe-North Houston Regional Airport (CXO) as of May 10, 2023.
  • American Flyers operates six training facilities across the country in New Jersey, Florida, Arizona and three in Texas.
  • In 1980, American Flyers merged with Aviation Training Enterprises (ATE), headquartered out of Chicago's Midway Airport.