Skyport Submits Request for $15 Million Payment

The Bermuda Airport Authority (BAA) recently confirmed that the L.F. Wade International Airport operator Skyport has submitted its latest minimum revenue guarantee certificate. 

An additional $15 million is now required to be paid by the BAA to Skyport. This funding will take the form of a further grant from the Government of Bermuda to the BAA. This is the second such payment, the first having been $5.7 million paid last month. 

Minister of Transport, the Hon. Lawrence Scott said: “This airport agreement continues to prove itself a bad deal for Bermuda. This payment further restricts the Government’s ability to help those Bermudians most in need during these challenging times.”

“But make no mistake, the people are our priority, and we will continue to do all that we can to make this bad deal a better one for the people of Bermuda.”