[Press Release] : FOR IMMEDIATE RELEASE: Air Service Revenue Guarantee fund untapped for 18th straight month

[Press Releases]

FOR IMMEDIATE RELEASE

Contact: Columbia Public Works
(573) 874-7250

Air Service Revenue Guarantee fund untapped for 18th straight month

COLUMBIA, MO (September 30, 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 August 2014. This is the eighteenth consecutive month in the past nineteen 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 August 31, passenger enplanements at COU in 2014 totaled 34,962 and deplanements total 34,468. Both represent passenger loads at 83%.

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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