NEW ORLEANS AIRPORT TO REMAIN PUBLICLY OWNED

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By TESTCustomwebLP TESTCustomwebLP October 25, 2010 13:50

NEW ORLEANS AIRPORT TO REMAIN PUBLICLY OWNED

New Orleans Louis Armstrong International airport has abandoned plans to go private. The airport board has voted to end efforts to raise money by selling a long-term lease to a private operator.

The Federal Aviation Administration accepted the airport’s preliminary application to privatise in 2008. However, the depressed economy and the ongoing recovery efforts following Hurricane Katrina have made attracting a bidder difficult, according to aviation board chairman Nolan Rollins.

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By TESTCustomwebLP TESTCustomwebLP October 25, 2010 13:50
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