Reflects airport’s strong financial profile
Erlanger, Ky. (September 8, 2017) – Fitch Ratings has affirmed CVG’s long-term revenue bonds rating of A+ with a stable outlook, citing “the airport’s strong fiscal position on a go-forward basis under its new hybrid compensatory airline use agreement” as a key rating driver.
Fitch also cited as key rating drivers, CVG’s “transition to a predominantly origination/ destination (O&D)” traffic base with nearly 89 percent of CVG’s 3.4 million enplanements (2016) being local passengers. It also noted the continued diversification of passenger airlines operating at CVG with low-cost carriers now representing 25 percent of seats and the diversification of aviation activity due to growth in cargo service.
Fitch upgraded CVG from an A to A+ in June 2016. The September 2017 report affirmed that CVG is exceeding expectations in areas such as local traffic growth, cargo growth and diversification of revenues.
"We’ve been working hard to diversify our carrier base and revenue streams, and receiving an A+ bond rating yet again is a reflection of that hard work,” said Candace McGraw, chief executive officer, Cincinnati/Northern Kentucky International Airport.
Fairbanks International Airport Baggage Transport Conveyor Enhanced With Mod Drive™ System
Airports face a host of unique industry challenges, such as meeting efficiency regulations and seeking out the best maintenance practices to reduce costs and keep operations flowing. In today’s current economic climate, any potential cost savings can go a long way.
In 2019, Alaska’s Fairbanks International Airport (FAI) sought to modernize its equipment and operations. They were dissatisfied with the performance of the gearmotors on their baggage transport conveyors and began searching for new suppliers. Regal approached FAI with a solution that could improve equipment performance and simplify maintenance, with the added benefit of energy cost savings: the Hub City® MOD Drive™ system.
This white paper discusses the hardware deployed, the test results and the annualized expectations for ROI.