National Academies Press: OpenBook

Airport Governance and Ownership (2009)

Chapter: APPENDIX E

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Page 66
Suggested Citation:"APPENDIX E." National Academies of Sciences, Engineering, and Medicine. 2009. Airport Governance and Ownership. Washington, DC: The National Academies Press. doi: 10.17226/23010.
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Page 66
Page 67
Suggested Citation:"APPENDIX E." National Academies of Sciences, Engineering, and Medicine. 2009. Airport Governance and Ownership. Washington, DC: The National Academies Press. doi: 10.17226/23010.
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Page 67
Page 68
Suggested Citation:"APPENDIX E." National Academies of Sciences, Engineering, and Medicine. 2009. Airport Governance and Ownership. Washington, DC: The National Academies Press. doi: 10.17226/23010.
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Page 68

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68 APPENDIX E. TECHNICAL DATA Table 1: Comparison of General Airport Revenue Bond Ratings from Moody’s General Purpose Rating Rating Authority ATL 7 7 DFW ATL (PFC/sub) 6 6 DTW FLL 8 8 BOS CLT 6 8 MWAA MDW (senior) 6 7 MCO MDW (sub) 5 4 Pittsburgh ORD (1st lien) 8 7 PANYNJ ORD (2d) 7 9 SEA (senior) ORD (3d) 6 8 SEA (int.) DEN 7 7 SEA (sub) Hawaii 5 4 STL HOU 7 7 TPA LAS (3d Lien) 7 7 BUR LAS (sub) 8 6 Columbus LAS (senior) 9 7 Indianapolis LAX 8 6 Jacksonville BWI 6 6 Lee County MIA 6 6 Louisville PHL 5 6 Memphis PHX 7 6 Nashville PHX (junior) 6 5 Norfolk SLC 7 7 OAK SAN 7 7 Omaha SFO 7 7 RDU Alaska 7 6 RIAC Albuquerque 8 7 Tucson Albuquerque (sub) 7 6 Tucson (sub) CLE 5 8 Puerto Rico Dallas Love 3 5 CVG BDL 6 MCI 7 MCI (sub) 6

69 General Purpose Rating Rating Authority Manchester 6 Milwaukee 7 ONT 6 Orange County 8 Palm Beach 3 Sacramento 7 San Antonio 7 San Jose 7 Portland, ME 3 AVERAGE 6.43902439 6.55172414 Source: Jacobs Consulting, Credit Update Bond Ratings (Aug. 2007). Note Baa 3 rating is scored as 2, while Aal is scored as 10.

70 Table 2: Comparison of 2008 JD Power Scores for Large and Medium Airports—Sum of Seven JD Power Categories General Purpose Authority CLT 25 21 DTW ORD 21 20 DFW DEN 17 26 JFK IAH 29 14 MSP ATL 24 24 EWR LAX 22 31 MCO LAS 31 14 SEA MIA 27 20 BOS PHL 30 28 LGA PHX 28 21 STL SFO 15 26 MEM BWI 27 14 OAK MDW 32 17 PDX CLE 20 26 DCA FLL 22 26 SAN HNL 21 28 TPA MCI 29 26 IAD SMF 24 27 CVG SLC 22 SJC 16 AVERAGE 24.1 22.7222222

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TRB's Airport Cooperative Research Program (ACRP) Legal Research Digest 7: Airport Governance and Ownership addresses the issue of essential powers to operate an airport; defines what airport governance includes; describes the advantages and disadvantages of the various governance structures; identifies and analyzes a number of projects where airports were transferred from one form of governance to another; and examines legal problems encountered during these transfers.

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