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"BAA contract with Indianapolis airport ends early"
Friday, May 4, 2007
BAA to end airport management
The Indianapolis (IN) Star
The private company that manages Indianapolis International Airport will end
its contract at the end of the year, the airport announced today.
BAA Limited had been contracted to manage the airport through the end of
2008 but will instead turn over control at the end of this year.
Airport officials said in a press release that the change is meant to
provide a smooth transition in advance of opening the new $1.07 billion
midfield terminal in late 2008.
BAA had told the Indianapolis Airport Authority that it did not intend to
seek a new contract or a contract extension when the current one expires,
the statement said.
The airport authority and BAA are in discussions about how to transition
back to full control by the airport authority. An agreement on the timing of
the transition is expected to be reached in coming weeks.
Much of the existing management team will remain in place when BAA steps
aside, the statement said.
Lacy Johnson, president of the Airport Authority board, credited BAA for
improvements made at the airport.
"Their leadership in introducing a more commercial approach through
expanding the airport's retail and parking offerings was paramount," Johnson
said in the statement. "Their role contributed greatly to the development of
additional non-airline revenue. We thank BAA for its role in the continued
success of Indianapolis International Airport."
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