Creator explains local airport funding from @whatshappeningsalem
The creator provides an update on the Salem Airport's situation regarding commercial flights. He explains that after Avelo Airlines left, the city council commissioned a report to determine the cost of attracting a new airline. He breaks down the report's findings, detailing the minimum revenue guarantees required for both ultra-low-cost carriers and more established airlines, mentions other required incentives, clarifies potential funding sources like grants, and concludes by asking the community for their opinion.
Creator: @whatshappeningsalem on Instagram
Transcript
Alright, kids. Get in. We got an airport update. No August 10 of ALO left. So tier council asked the city staff to draft a report on the minimum revenue guarantee good be required to bring your airline back to Salem. And turns out it's not cheap. For ultra low cost carrier, they're looking at 500,000 per year for the first three years. But for a more established airline, the worse is actually closer to 5,000,000 that would be required. This reflects the higher operational worst and potential ran
Topics: Local, Business, Travel, Politics
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