Elevating Travel: New Lease Agreement at Ontario Airport
Ontario International Airport's Strategic Growth
Ontario International Airport (ONT) is paving the way for a promising future with the introduction of a new Use and Lease Agreement (ULA). This updated framework significantly modernizes ONT's financial structure while fostering stronger connections with airlines.
Enhancing Financial Foundations
The revised 132-page agreement is set to replace the previous version established in 1999 when ONT was under the management of a different authority. This new lease establishes a solid foundation for the airport, focusing on operational responsibilities, airline rates, and charges. It adapts to ONT’s evolution into an independent aviation hub, reflecting its ongoing growth and dynamic role in air travel.
Partnerships and Community Impact
Alan D. Wapner, President of the Ontario International Airport Authority (OIAA) Board of Commissioners, emphasized that the agreement is a product of extensive negotiation and partnership development. He stated, "This agreement represents years of work and thoughtful negotiation, and we're proud of the result. It gives our airport a solid financial framework to continue its remarkable growth while preserving the collaborative spirit that has made ONT a success story in the aviation sector."
Financial Transparency and Flexibility
One of the key improvements of the new agreement is its emphasis on transparency regarding how funds are utilized at the airport. It guarantees that 75% of ground transportation revenue is directed towards participating airlines, fostering a collaborative environment for financial success. This provision allows OIAA the flexibility to execute necessary capital projects efficiently, ensuring the airport's infrastructure keeps pace with its growth.
Shared Commitment to Growth
Atif Elkadi, Chief Executive Officer of OIAA, highlighted the significance of the agreement in fostering strong partnerships within the aviation industry. He remarked, "This agreement is more than just a contract; it’s a representation of the strong partnerships we've developed with our airline partners and our mutual commitment to grow together in a way that benefits our travelers, our region, and our industry." This sentiment underlines the spirit of cooperation that characterizes the new arrangement.
A Bright Future for Travelers
The newly adopted Use and Lease Agreement is effective immediately, marking the start of a new chapter for Ontario International Airport. Wapner concluded, "It's a win for our partners, our passengers, and the communities we serve." As a significant player in air transportation, ONT continues to focus on enhancing travelers' experiences through strategic partnerships and a robust operational framework.
About Ontario International Airport
Ontario International Airport has gained recognition as California's premier mid-sized airport, according to a recent airport satisfaction study. It serves as a key location for nonstop commercial flights to numerous major destinations across the United States, Mexico, Central America, and Taiwan. This full-service airport is positioned strategically within the Inland Empire, providing essential services for regional travel.
About the Ontario International Airport Authority (OIAA)
The OIAA was founded to oversee the management, operations, and development of ONT, showcasing dedication to enhancing the Southern California economy. The leadership includes representatives from both the City of Ontario and the County of San Bernardino, ensuring a focused approach toward maximizing airport potential.
OIAA Media Contact
For more information, please contact: Steve Lambert at (909) 841-7527 or via email at slambert@flyontario.com.
Frequently Asked Questions
What is the purpose of the new Use and Lease Agreement at ONT?
The new agreement aims to modernize ONT's financial framework and strengthen relationships with airline partners.
How does the new agreement impact airline partnerships?
It emphasizes collaboration and allocates 75% of ground transportation revenue to participating airlines, enhancing financial sustainability.
When does the new Use and Lease Agreement take effect?
The agreement is effective immediately, launching a new era for the airport's operations.
What key services does Ontario International Airport provide?
ONT offers nonstop flights to various destinations in the U.S., Mexico, Central America, and Taiwan, catering to travelers’ needs.
Who oversees the management of Ontario International Airport?
The Ontario International Airport Authority (OIAA) manages operational activities, ensuring alignment with regional economic goals.
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