Airports and the aviation industry in general are facing unprecedented economic and legal issues.
However, airports enjoy some financing advantages including a diversity of revenue streams, from airline rental fees and parking revenues to passenger and customer facility changes. As bond counsel, underwriter’s counsel and as disclosure counsel, Ice Miller has extensive experience with the issuance of governmental and private activity airport financings including:
- Airport system and airport revenue bonds, including refundings.
- Project and special facility financings
- Passenger and customer facility charges financings
- Variable and fixed rate airport securities
- Subordinate obligations; and
- State revolving fund transactions
Ice Miller has also advised clients on integrating credit enhancement devices and structuring derivative product transactions, compliance with federal airport regulations, including diversion, in negotiating and drafting air use agreements for rates and charges, in representation of the airport in connection with labor, budgets, construction, environmental and related contractual operational matters, as well as litigation defense.