A New Airline Agreement in a Diverse Market at Seattle-Tacoma International Airport (SEA)
SEA senior management recently completed negotiation of a new 5-year airline use and lease agreement with adoption of the agreement by the Port of Seattle Commission. The SEA region is a diverse and expanding market for international service, particularly by Delta Air Lines, and is the largest market served by Alaska Airlines. The new airline agreement is estimated to generate about $1.0 billion in revenues. WJ Advisors worked collaboratively with outside legal counsel and another consultant to assist senior airport management in creating the business arrangements and negotiating the new agreement.