[Press Release] : FOR IMMEDIATE RELEASE: Air Service Revenue Guarantee fund untapped for 22 consecutive months

[Press Releases]

FOR IMMEDIATE RELEASE

Contact: Columbia Public Works
(573) 874-7250

Air Service Revenue Guarantee fund untapped for 22 consecutive months

COLUMBIA, MO (March 24, 2015) - The City of Columbia and Columbia Regional Airport are pleased to announce that the Air Service Revenue Guarantee fund was invoiced zero dollars for January 2015. This is the twenty-second consecutive month in the past twenty-three 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 March 1, passenger enplanements at COU in 2015 totaled 9,279 and deplanements total 9,565. As of February 12, American Airlines increased daily capacity by 28% when all flights began using CRJ-700, 65 passenger aircraft.

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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