Port authority

September 21, 2010 - 9:36am

The Port Authority of New York & New Jersey (PANYNJ) plans to sell its two Sikorsky S-76s, on the grounds that it cannot justify their annual operating cost of $3.7 million.

The decision was prompted by expectations of a $39 million budget shortfall this year. “Our revenues have been down, as have thos e of other agencies,” said a Port Authority spokesman.

January 30, 2007 - 10:13am

Sleepy Stewart International Airport in Newburgh, N.Y., might get much busier after the Port Authority of New York and New Jersey purchases (for $78.5 million) the operating lease for the airport from National Express. The move is intended to relieve congestion at New York-area airports, which are also operated by the Port Authority, “and help us prepare for inevitable population and passenger growth,” said New York governor Eliot Spitzer.

 
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