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US Airways Signs New Lease at Philadelphia Int. Airport

PHILADELPHIA-The City of Philadelphia and US Airways announced they have agreed to terms on a two-year lease extension for Philadelphia International Airport that will facilitate $734 million in new capital investment at the airport.

By John Jordan | Updated on January 24, 2013

PHILADELPHIA-The City of Philadelphia and US Airways announced they have agreed to terms on a two-year lease extension for Philadelphia International Airport that will facilitate $734 million in new capital investment at the airport.

The agreement does not include the development of a controversial dollar fifth runway at the airport, according to the Philadelphia Inquirer. The city and US Airways also agreed to continue to work on details of the planned expansion of the airport through 2025 that has been estimated to cost $6.4 billion to $10.5 billion.

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