Posts Tagged ‘credit rating’

SPECIAL REPORT: Hotels, industrial park, offices part of mix at Gulfport/Biloxi airport

In his slightly more than two years on the job, Clay Williams has picked up where retired predecessor Bruce Frallic left off in seeking to make the most of Gulfport/Biloxi International Airport’s assets. So far, property controlled by the Gulfport/Biloxi Airport Authority has added a pair of hotels, a Fixed Based Operator which invested $12 […] [...]

SPECIAL REPORT: A savvy pro is sought for Jackson airport’s CEO

The aviation executive search firm hired to find the next CEO of the Jackson Municipal Airport Authority is likely to focus on an airport pro skilled in economic development. “You need someone who can make that happen,” said  Doug Kuelpman, founder and president of ADK Executive Search, a Jacksonville, Fla., company the Airport Authority selected […] [...]

SPECIAL REPORT: Land may hold key to Jackson airport’s success

Developing and attracting businesses to several hundred acres on Jackson Municipal Airport Authority land east of Medgar Wiley Evers International may be the Authority’s best hope for offsetting the $800,000 lost annually to the departure of Southwest Airlines. The revenue loss has already cost the Airport Authority a Fitch Ratings Service downgrade of a $39.4 […] [...]

(UPDATED) Making Jackson-Evers affordable to Allegiant is key to regaining Orlando service

Prospects for Jackson Medgar Wiley Evers International landing ultra-low-cost carrier Allegiant Air  for service to Orlando hinge on well the airport can help the carrier shave its operating costs at the airport.A U.S. Department of Transportation grant subsidy the airport expects to receive would ease the cost burden early on. But  the Las Vegas-based Allegiant […] [...]

Deal for Jackson-Orlando flights in works with Allegiant

Low-cost carrier Allegiant Air would give Jackson two direct flights a week to and from Orlando under an agreement approved Monday by the Jackson Municipal Airport Authority and contingent on a U.S. Department of Transportation grant subsidy. Flights offered by the Nevada-based commercial and charter airline would land at Orlando/Sanford International, a small airport in […] [...]

Air service to Orlando could be on the horizon

Direct service from Jackson-Medgar Evers International Airport to Orlando could resume after Southwest Airlines’ departure  if airport officials receive a U.S. Department of Transportation grant they say they are confident of getting. The grant is the same one by which the airport gained service to New York City. The direct service to Orlando ceases with […] [...]

Vaya con Dios Southwest — last flight departed Jackson Saturday night

Southwest Airlines’ 7:05 p.m. Saturday flight to Houston’s Hobby International Airport brought to a close Jackson-Medgar Wiley Evers International’s 17-year relationship with the Dallas-based carrier.   The elimination also marks the airline’s first severing of service to a second-tier market serving a population of over 500,000 people. The only other two service closings occurred in Denver […] [...]

JMAA’s airport revenue bonds downgraded due to loss of Southwest

JACKSON — Fitch Ratings has downgraded the Jackson Municipal Airport Authority’s airport revenue bonds of approximately $39.4 million to “BBB+” from “A-.” The rating outlook remains “stable. “ The downgrade reflects concerns related to the pending loss of the airport’s second largest carrier, Southwest Airlines Co. (Southwest, Fitch rated IDR “BBB” with a stable outlook), […] [...]

Fitch gives state ‘negative’ bond rating; has problems with PERS

by Published: November 6,2013

Tags: bond, credit, credit rating, debt, Fitch, PERS, State of Mississippi

JACKSON — The Fitch credit rating agency has downgraded Mississippi’s bond rating outlook from stable to negative. The state’s bond rating remains AA+, only one notch below the highest AAA level, but the agency warns the rating could be lowered unless officials take steps to shore up finances. A lower bond rating would make it […] [...]

Dems: Rejecting Medicaid expansion will hurt state’s rating

JACKSON — Mississippi House Democrats said yesterday that the state could hurt its own financial standing if it rejects Medicaid expansion, but Republican Gov. Phil Bryant said he’s not convinced that would happen and he still opposes putting more people on the government health program. Democrats pointed to a statement made last week by Moody’s […] [...]

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