Wednesday, January 21, 2015

PBIA BOND PAYOFF ALLOWS IT TO BE MORE COMPETITIVE


PBIA BOND PAYOFF ALLOWS IT TO BE MORE COMPETITIVE

We have certainly written a lot about the expansion of both the Ft. Lauderdale and Miami airports. Now it is finally worth mentioning some good news for Palm Beach International Airport. They just paid off a 20 year bond that cost $156 million dollars and was used to pay for a new terminal, road, parking and airfield improvements. Now that the bond is paid off, PBIA can offer more competitive rates to attract more flights. Which means that PBIA should be competing with Ft. Lauderdale for the low cost carrier flights in the near future. New Jersey and Washington are the most popular sources for tourism for Palm Beach County so expect to see more flights to those destinations. This could also signal the start of more Latin American travel, which has been steadily ramping up at Ft. Lauderdale and Miami airports. Bottom line is to expect more flights to be coming from PBIA soon to many new destinations. This will further enhance the county and make it competitive with our Southern brethren in Broward and Dade. And the new increased competition should further benefit travelers in the form of more competitive fares, which will certainly happen. What better way to bring in more tourists? Aside from snow storms and global security problems, I can’t really think of anything. As always thanks for reading and have a great day. 

Bond payoff lets PBIA cut fees, go after new flights


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