I would guess this had a lot to do with today. The airlines weren’t on board. If they aren’t on board, no reason to continue.
She said she almost pulled the plug in October so I doubt the BA news had anything to do with it. https://www.bizjournals.com/stlouis/new ... yptr=yahoo
Can you copy and paste the full story? When I login, all I see is this below the picture.
Currently, airlines are "very much in control" of what happens at Lambert. "They don't have that same kind of relationship with private operators of the airports in Europe," Mayor Krewson said.
Yea. For some reason business journal is weird on mobile. I can only see it on desktop.
In killing the Lambert airport privatization process Friday, St. Louis Mayor Lyda Krewson said her chief reason was a lack of support from residents and businesses.
But there was another factor.
The airlines at Lambert — Southwest Airlines (NYSE: LUV) and American Airlines (NASDAQ: AAL) being largest — had to approve any lease of operations. It took them more than a year to agree to a preliminary framework for privatization, allowing the city to issue a request for qualifications in October for firms interested in leasing Lambert.
But still, "they remain pretty skeptical," Krewson said of the four airlines at the table in privatization talks.
"Currently the airlines are very much in control of what happens at the airport," Krewson said. "One of their points is that they don't have that same kind of relationship with private operators of the airports in Europe. They don't have that close relationship" that happens with the city of St. Louis and all other U.S. airports operated by municipalities.
Southwest, in a statement issued Friday afternoon, reaffirmed Krewson's suggestion that the airline had yet to fully embrace privatization.
"We want to thank Mayor Krewson and her team for the collaborative process to better understand what a privately run airport would mean for the city," the airline said in the statement. "We remained objective and worked with the city as they worked through this process. We were not a point where could make a decision about whether this would have been beneficial for the airlines serving Lambert St. Louis."
Krewson said that, as it works now, "the airport puts forward what we'd like to do, and the airport and airlines agree on what the capital spend will be or the things that need to be approved."
"It's a much more collaborative management experience," Krewson said.
Lambert airlines, though, agree that the facility needs to be improved, Krewson said.
"We're virtually at capacity in Terminal 2," home to Southwest, she said. "And Terminal 1 is fairly empty. We have way more gates than we need. We've got to get to a methodology where we can make the improvements we need at the airport, to keep our airline and business partners happy. We've got to look at other alternatives."
One hindrance is some $600 million in Lambert debt, which currently inhibits land development and major capital improvements. Krewson didn't address how that issue could be solved.