What a Texas airport rental car company’s borrowing says about investor optimism for a travel rebound
The Austin facility refinanced about $147 million of bonds to help ease debt service payments giving it more than enough breathing room to stay afloat until the pandemic is over.
The checkpoint area at Austin-Bergstrom International Airport.(Dan Herron)
For investors betting on air travel’s comeback, the municipal bond market is ready for you.
A rental car facility at the airport in one of America’s biggest boomtowns is selling bonds, the first such debt offering of its kind since the pandemic began.
Allegiant announces a major expansion with 34 new nonstop routes
Allegiant Air today announced 34 new nonstop routes, including nine special limited routes for the Sturgis Rally 2021.
Additionally, Allegiant will offer nine special limited routes to Rapid City, S.D. via Rapid City Regional Airport (RAP) with one-way fares as low as $99. The routes will provide an affordable option to those who plan to attend the annual City of Sturgis Motorcycle Rally in August.
The new routes to
Austin-Bergstrom International Airport (AUS) include:
Bentonville, Arkansas via Northwest Arkansas National Airport (XNA) – beginning July 2, 2021 with one-way fares as low as $49.
Bozeman, Montana via Bozeman Yellowstone International Airport (BZN) – beginning May 27, 2021 with one-way fares as low as $59.
The taxable refunding will lower debt service obligations for the airport car rental facility, hit hard by the coronavirus pandemic, through fiscal 2025.
UpdatedTue, Feb 9, 2021 at 3:34 am CT
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Austinites for Progressive Reform pitches ambitious campaign finance laws for a May ballot but one aspect excludes a swath of the citizenry. (Shutterstock)
AUSTIN, TX Austin City Council on Tuesday is scheduled to listen to a presentation on the potential use of Democracy Dollars designed to replace local campaign finance rules a proposal stemming from a citizen-initiated petition by a political coalition that garnered enough petition signatures to place it on the May 1 ballot. But concern has arisen over citizens who would be excluded from using the political currency including legal permanent residents and those on parole or probation.