Minutes

Bradley Board of Directors

Bradley Board Room

Thursday, July 19, 2007

12:30 p.m.

Members Present: Chairman L. Scott Frantz, Commissioner
McDonald, Kevin Kelleher Commissioner
Carpenter, David Kilbon, Michael Long
and Richard Crane.

Members Absent: Commissioner Carpenter.

Prior to the start of the Boards monthly meeting
there was a tour of the concourse and terminal areas under construction
in addition to the areas slated for improvement in future construction
projects and the International Arrivals Building. The tour began at
12:43 (at the call to order) and concluded at 1:47 p.m., upon which
the Board convened in the Board room.

Chairman Frantz call</span><span class="Normal--Char" style=" font-family: 'Georgia', 'Arial';
">ed the meeting to order at 12:43 p.m.

II. Approval of Minutes June 21, 2007

Mr. Long made a motion (2<sup>nd: Kilbon) to approve the minutes
from the last Board meeting.  Voice votemotion passed.

III. Reports

Barry Pallanck provided an update on Airport operations
and current Airport statistics.  Mr. Pallancks report noted the
start of transatlantic service on July 1<sup>st, terminal enhancements
and the construction schedule, and the upcoming ceremony on the opening
of the Ember Air facility.

Mark Daley provided a financial update for the period
ending May 31, 2007.  Mr. Daleys presentation noted the total
operating revenue is $49.2 million (1.4% above budget) and that airline
revenue is 1.6% below budget while non airline revenue is 1.6% above
budget.  It was further noted that the greatest deficit within
airline revenue is in Airline Additions which are 13.6% below budget
due to low airline equipment maintenance bill backs.  Non-airline
revenue, rental cars, terminal concessions and other operating revenue
are well above budget; however this is off-set by a deficit in other
concessions, which is 7.1% below budget.  Mr. Daley also reviewed
the total operating expenses, noting they are $2.2 million (5.9%) under
budget year to date.  This includes fairly significant surpluses
within Personal Services, Other Contracts, Commodities and Energy/Utilities
line items.  The CDOT is currently using these resources to implement
various airport improvement projects. 

Kiran
Jain gave an update on marketing activities at the airport, as well
as passenger and cargo statistics.  Ms. Jains also focused on
the events surrounding the launch of the transatlantic service.

Following
the presentations Board members discussed the schedule to which full
completion of the terminal improvements will be achieved (it was noted
by ConnDOT staff that the schedule for completion of this project is
by the end of 2008), visual enhancements at the international arrivals
building (IAB) and the need to provide currency exchange facilities.

Chairman
Frantz suggested that a presentation take place at a future Board meeting
on the plan to address issues such as HVAC systems at the IAB,and a
plan to improve/provide customer amenities there.

IV. Debriefing on Inaugural of Northwest Airlines Amsterdam Flight

Ms. Jain thanked the airport staff for the successful launch of the
service.  Mr. Long noted that the service and the events celebrating
the inaugural flight were well done.  Chairman Frantz spoke to
the importance of establishing this service and the need to maintain
a high level of quality for this flight.

V. Executive Session
(Contract Negotiations)

Mr. Crane made a motion (2<sup>nd: McDonald) to adjourn into
executive session for the purpose of discussing contract negations at
2:26 p.m.

Commissioner
McDonald made a motion (2<sup>nd: Long) to adjourn out of executive
session at 3:04 p.m.

IX.  Additional Business

Chairman
Frantz reviewed issues related to the aviation industry.

X.  Adjourn

On a
motion by Mr. Long (2<sup>nd: Crane) the meeting was adjourned
at 3:04 p.m.

Respectfully submitted,

L. Scott
Frantz

Chairman