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City of Dallas gives OK for Virgin America to get two Love Field gates
http://aviationblog.dallasnews.com/2014/05/city-of-dallas-gives-ok-for-virgin-america-to-get-two-love-field-gates.html/
http://aviationblog.dallasnews.com/2014/05/city-of-dallas-gives-ok-for-virgin-america-to-get-two-love-field-gates.html/
Virgin America will provide a performance guaranty in the form of a $4 million irrevocable letter of credit to American to ensure the lease obligations, according to a memo sent from Gonzalez to the Dallas City Council members.
The city also incorporated Virgins publicly stated intentions into a compliance agreement, Gonzalez said. The agreement includes:
* Obligates Virgin to comply to standards included in the citys noise abatement program.
* Clarifies and expands how unused gate space might be made accessible to other airlines.
* Protects the city from possible legal expense through an indemnification clause.
I applaud Mr. Gonzalez for his thorough approach to making this important decision, Dallas Mayor Mike Rawlings said today in a statement. I support his approval of the sublease between American Airlines and Virgin America because it is best for the citizens of Dallas.