AIRLINES WARN ON PRICE RISES OVER NAD FEES

Sun, Oct 2nd 2011, 11:00 PM

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

FEE increases for airlines operating out of the Lynden Pindling International Airport (LPIA) will ultimately spell higher ticket prices for consumers, one Bahamian-owned airline has told Tribune Business, while another questioned the method behind the rises.

The Nassau Airport Development Company (NAD), as part of its strategy to raise additional revenues and ensure it complies with the debt repyaments/financing covenants related to LPIA's $409.5 million redevelopment and expansion, last week confirmed a 10 per cent increase in landing fees and a 3 per cent increase in terminal, aircraft loading bridge fees and aircraft ...

Click here to read more at The Tribune

 Sponsored Ads