October 29, 2007

IMG's Case Study on ORH

Check out this...

  1. The current operating agreement with MassPort that ended with a 6 month extension this past July 1st, started in July of 2004. This was, I believe, one year before IMG was retained so I am not sure how they helped on the joint operating agreement.
  2. Looks like they are trying to take credit for getting Allegiant to ORH for 9 mos, not 12 , and it was Sanford, not Orlando. Again not sure this is accurate.
  3. Check out the last line: "IMG is also supporting the City of Worcester in its continued negotiations with MassPort over a new extended operating agreement whereby Massport would assume operating control of the airport and relieve the city of most of the airport’s annual deficit."

Since IMG was being paid from the Small Community Air Service Grant monies from the IMG, I thought they were hired to help retain and recruit commercial service. Now they are helping with negotiations with MassPort? Again this may be accurate, but something I never realized from the Airport Commission Official minutes and did not realize monies from the grant to recruit and retain commercial service could be spent on consultants to help with MassPort negotiations.

Most disturbing thing about the 3rd point above, however, is that we learn most about the current negotiations with MassPort from the IMG website .

1 comment:

Anonymous said...

Meanwhile, back at the ranch...

Allegiant Travel swings to profit

By MarketWatch
Last Update: 4:47 AM ET Oct 30, 2007

LONDON (MarketWatch) -- Allegiant Travel Co. (ALGTallegiant travel co com
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ALGT) late Monday said it swung to a third-quarter profit of $7 million, or 34 cents a share, from a year-earlier loss of $1.2 million, or 19 cents. Excluding a noncash mark-to-market loss on fuel derivatives, the Las Vegas travel company earned 35 cents a share in the latest quarter. Analysts, on average, predicted earnings of 34 cents, according to Thomson Financial. Total operating revenue jumped to $86.3 million from $60.9 million

Harry Tembenis
Worcester, MA