Comair, the commuter airline providing Delta Connection service at Charleston's Yeager Airport, will be expected to pay 50 cents on the dollar for the $46,000 in pre-petition debt it owes the Charleston airport as it emerges from bankruptcy protection.
Yeager Airport's executive committee approved the tentative settlement during a meeting on Tuesday. Comair filed for Chapter 11 bankruptcy last September.
Bankruptcy filings by Comair, Independence Air and Northwest during the past year have left the Charleston airport holding the bag for about $98,000 in unpaid fees, according to Rick Atkinson, Yeager's executive director.
Comair, a wholly owned subsidiary of Delta Airlines, is seeking a settlement offer from Yeager in order to reassume its lease on operations space at the Charleston airport terminal.
In other action on Tuesday, the airport's executive committee voted to channel about $55,000 in excess revenue from its parking operations to build a stone and stainless steel "Welcome to Yeager Airport" sign and do landscaping work near the intersection of the airport's main access road and Eagle Mountain Road.
Committee members also gave high marks to Atkinson's performance review, and recommended a pay increase that would bring the airport director's salary to a level comparable to 95 percent of the national average for airport managers' salaries.
Copyright 2005 LexisNexis, a division of Reed Elsevier Inc. All rights reserved.
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