ORLANDO, Fla.— The Kroll Bond Rating Agency (KBRA) has reaffirmed its assessment of a series of bonds issued by the Greater Orlando Aviation Authority. KBRA maintained its AA rating and Stable outlook on a series of General Airport Revenue Bonds (GARB). The favorable evaluation is the result of Orlando International Airport (MCO) continuing to trend upward on its performance arc.
According to KBRA, the AA rating was influenced by:
Another positive factor noted by KBRA was the Authority’s rates agreement with its airline partners, which affords considerable flexibility in undertaking capital projects without the requirement of airline approval.
The Stable Outlook reflects:
The Orlando-Kissimmee-Sanford market is a leading global venue for tourism. With seven of the ten most visited theme parks in the world, the region hosted 74 million visitors in 2022, a decline of only 2.6% versus the pre-pandemic record set in 2019. In recent years, the region has also become a center for life sciences, health care, aerospace and defense, advanced manufacturing, and innovative technologies.
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.