Contract Risk Management for Airport Agreements (2016) / Chapter Skim
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Pages 23-26
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From page 23... ...
23 coverages to be maintained on a replacement cost basis (without deduction for depreciation)
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24 revenues. Under the compensatory model, airlines do not merely pay the shortfall, but instead pay rates and charges calculated to pay the costs of the facilities they use, whether or not other revenues are sufficient to pay the costs of facilities not being used by the airlines.
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25 approximate amount of 3 months' payments. If an airline is going to file for bankruptcy protection, chances are the airline will be delinquent in its payments.
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From page 26... ...
26 D Allocation of Responsibility for Reconstruction.
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