[Press Release] : FOR IMMEDIATE RELEASE: Air Service Revenue Guarantee fund untapped for 17th straight month

[Press Releases]

FOR IMMEDIATE RELEASE

Contact: Columbia Public Works
(573) 874-7250

Air Service Revenue Guarantee fund untapped for 17th straight month

COLUMBIA, MO (August 27, 2014) - The City of Columbia and Columbia Regional Airport are pleased to announce that the Air Service Revenue Guarantee fund was invoiced zero dollars for July 2014. This is the seventeenth consecutive month in the past eighteen months in which American Airlines did not require a payment from the Air Service Revenue Guarantee fund. The three million dollar Air Service Revenue Guarantee fund has paid a total of $22,562 dollars to American in March 2013 after the first two weeks of service and the fund has not been tapped since.

Passenger load factors remain high and pre-bookings on future flights continue to perform very well. As of July 31, passenger enplanements at COU in 2014 totaled 30,378 and deplanements total 29,576. Both represent passenger loads at 85%.

We thank our customers who fly from COU for their support of Columbia Regional Airport and American Airlines.

American Airlines began service from COU on February 14, 2013 and provides two daily nonstop flights to both Dallas/Fort Worth and Chicago O'Hare from Columbia Regional Airport.

The Air Service Revenue Guarantee fund consists of monies from numerous private businesses in Columbia and mid-Missouri as well as funds from various government entities in mid-Missouri.



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