Articles

Expanded FedEx cargo hub not meeting expectations

Indianapolis International Airport, already suffering from a 10-percent drop in passenger traffic and a projected $15 million
revenue shortfall this year, is also feeling financial drag from its single most important tenant. FedEx Express cargo shipments,
which amount to about half of the $25 million in airfield fees generated at the airport, fell
16 percent in the first three months of this year vs. the same period last year.

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Airport concessions awarded

Indianapolis International Airport cleaned up at the Airport Revenue News’ 2009 Best Concession Awards Feb. 15 in Orlando,
Fla.

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Airport hotel in limbo

The recession, coupled with personnel shifts, have grounded the more than $50-million hotel project adjacent to the new terminal.

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Stadium, airport terminal open

The $720 million Lucas Oil Stadium opened in August, just in time for the Indianapolis Colts’ season. Indianapolis International Airport’s $1.1 billion midfield
terminal, meanwhile, took off in November.

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Langham lands airport deal

An arm of locally based Langham Logistics has won a 40-month, $3.28 million contract to provide logistics services at the
new Indianapolis International Airport terminal.

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Reader suggests IBJ journalists probe officials’ assertions

The airport authority should not assume a 3-percent growth rate because of the new airport, and the FFA Convention was not
as wildly successful as reported. Mayor Peterson shouldn’t be held out as a good example of a mayor who supports public transportation.

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Flat passenger counts not seen as threat to paying debt on midfield terminal

The big debt payments on the $1.1 billion midfield terminal at Indianapolis International Airport start coming due in January–just
as a recession hits and the battered airline industry cuts capacity. Despite the likely prospect of fewer passengers than
projected in the next year or two, airport managers say they don’t anticipate problems shouldering the roughly $40 million
a year in debt burden over the next 30 years for the new facility.

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Airport hoping to double ad revenue with digital push

Indianapolis International Airport officials hope to double advertising revenue, pushing it past $1 million, when the midfield
terminal opens in November. That income, officials said, is important because it helps ease pressure on cash-strapped
airlines, allowing them to focus on offering more flights. The airport relies on non-airline revenue, such as food sales and
advertising, for about 60 percent of its revenue.

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