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SOURCE AIRMALL USA
- February 25 Session to Focus on Financing Alternatives for Airport Terminals -
PITTSBURGH, Feb. 18, 2013 /PRNewswire/ -- AIRMALL® USA, developer of the leading airport concessions model in North America, will offer its take on how private investment is an important part of the financing matrix for airports across North America during the ARN Revenue Conference & Exhibition (February 24-26 in Las Vegas, Nev.), sponsored by Airport Revenue News.
Mark Knight, president of AIRMALL USA, will serve on a panel of industry experts for a session titled "Use Other People's Money to Build Your Terminal," which is being held on February 25 at the convention.
"Study after study has shown that airports across North America face a potential pitfall when it comes to funding infrastructure investment. This represents an acute challenge to cities with aging airports that require a significant upgrade if they are to remain competitive and continue to serve the traveling public," said Knight. "Private airport concessions developers such as AIRMALL offer a viable funding source for infrastructure improvement when they are tapped to transform a concessions program, and the improvements made by a concessions developer last long after the concessions contract has expired."
Knight went on to cite several examples from AIRMALL's current projects:
"AIRMALL brings capital to the table when we partner with an airport to develop and manage their concessions," added Knight. "This eliminates the need for the airport to bear all the costs of improvement. It also results in a higher-performing concessions program that ultimately enhances the passenger experience."
Moderator for the February 25 session at the conference is Mitch Berman, attorney with Weiss Serota. Other panelists include Ira Smelkinson, executive director and co-head of the finance transportation group, Morgan Stanley; and Miguel Southwell, deputy director for business, Miami-Dade Aviation Department.
For more information on AIRMALL USA, visit www.airmallusa.com.
About AIRMALL® USA
AIRMALL® USA is the developer and manager of the retail, food and beverage operations at Pittsburgh International Airport, Boston Logan International Airport (terminals B and E), Baltimore/Washington International Thurgood Marshall Airport, and Cleveland Hopkins International Airport. The leading airport concessions model in North America, AIRMALL USA continues to boast among the highest per-passenger spends on the continent and consistently receives accolades for innovation and customer service. AIRMALL USA is owned by Prospect Capital Corporation, a leading New York investment company founded in 1988. For more information on AIRMALL USA, visit www.airmallusa.com.
For AIRMALL USA
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