Thursday, December 6, 2012
The agreement cuts the airline's flight space in half. Rejection of the agreements could have jeopardized American Airlines service at Lambert-St. Louis International Airport.
Lambert-St. Louis International Airport and American Airlines, Inc. have reached a tentative agreement that will settle American’s financial and operational obligations at the Airport. American’s parent company, AMR Corporation, is currently dealing with Chapter 11 Bankruptcy and the agreement has to be fully approved. The City of St. Louis, which owns and operates the Airport, pursued a negotiated settlement, which includes modifying leases with American Airlines, to avoid a rejection of all existing agreements with the city. Rejection of all agreements could have jeopardized American Airlines service at the Airport and left a lot of upset travelers. “This is an agreement that, once approved, settles American’s account receivable to the …
Sunday, July 24, 2011
While many Missouri leaders lined up in St. Louis this week to voice their support for the proposal, groups such as the Show-Me Institute argue that the government should avoid involvement in business.
Patch is pleased to partner with Brian R. Hook, editor and investigative reporter for Missouri Watchdog, a news website dedicated to investigative journalism about local, state and federal government across Missouri. We've invited Hook to contribute a weekly column that describes what he's watching and why it's important for Missouri taxpayers. Fasten your seat belts. Prepare for landing. Aerotropolis is on approach to St. Louis. Aerotropolis is a plan that is designed to turn St. Louis into a global cargo hub. According to an economic-impact study by the St. Louis Regional Chamber of Commerce and Growth Association, the missing piece of a multi-model infrastructure system for the St. Louis region is air cargo. The $300 million in tax …
Thursday, July 21, 2011
Chinese cargo would come into St. Louis' airport and be distributed from central location, potentially generating jobs and revenue.
A proposed Missouri economic development package announced Wednesday includes $360 million in tax incentives to transform St. Louis's airport into a hub for trade with China. An effort to send such a measure to Gov. Jay Nixon failed earlier this year when lawmakers couldn’t agree on a final piece of legislation. But now state lawmakers, business leaders and local elected officials agreed to support a deal that would go up for a vote in Jefferson City. The Associated Press reported Wednesday that the governor will call legislators back into special session for the economic development bill. News of the legislative breakthrough came one day after Mike Jones, chairman of the Midwest China Hub Commission said during a meeting in Clayton he …
