National Express, headquartered in the United Kingdom, signed a99-year lease to operate the airport in 2000 for $35 million withthe New York State Department of Transportation, the owner of theairport.
The Port Authority announced several months ago that it wasseriously studying the possibility of acquiring the lease oracquiring the airport outright from NYSDOT.
Port Authority director of aviation William DeCota briefed thecommissioners this morning on the proposal and said that the agencyhopes to have an agreement signed with National Express by Feb. 13and close on the transaction by Sept. 30. The Port Authority willhire an interim manager for Stewart for a term not to exceed ayear. The agency will put out a Request for Proposal to select along-term manager for the facility that will work with PortAuthority staff.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
