Metropolitan Airports Commission Minutes April 2026
Fifth amendment to Delta hub agreement recommended
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Description
The Operations, Finance and Administration Committee recommended approval of a fifth amendment to the airline agreement and terminal lease with Delta Air Lines, Inc. The amendment revises the hub covenant to a departing-seat metric and introduces an extraordinary debt coverage requirement of 1.4 starting in 2029, effective retroactively to January 1, 2025.
Contract Details
Vendor
DELTA AIR LINES INC
Agency
Metropolitan Airports Commission, MN
Contract Type
TRANSPORTATION
Document Date
April 6, 2026
Contract Term
Effective retroactively to January 1, 2025; increased debt coverage ratio of 1.4 beginning in 2029
Renewal Info
Fifth amendment to the existing Amended and Restated Airline Operating Agreement and Terminal Building Lease, including amended Exhibit Z, modifies hub covenant metrics and adds long-term debt coverage requirements.
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