The operators of Pittsburgh International Airport will borrow as much as $20 million over five years to lower rates and charges to airlines, with future state gambling revenues repaying that loan.
Airport Chief Financial Officer Jim Gill said the loan will allow the airport to reduce charges to carriers, perhaps as soon as April, as a way to stay competitive in tough economic times.
That reduction would reduce the average cost-per-enplaned passenger by 15 percent, to $13.40. That is still high for medium-sized airports like Pittsburgh International, but will assist the 13 carriers at the Findlay-based facility.
High fuel costs last year coupled with the recession have prompted carriers to eliminate some flights and trim their workforces.
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