University of Illinois at Urbana-Champaign
Sole Source #011504
Announcement of a Sole Source Purchase
Vendor: Delta Airlines
An estimated $425,000 - 1st year, $250,000 second year
Terms: One-time transaction
The University award process may be delayed up to thirty days as this award goes through a state approval process.
Thursday January 15, 2004
a contract for
regional jet revenue guaranty
an estimated $425,000 - 1st year, $250,000 second year.
The University of Illinois, working in cooperation with the Champaign County Economic Development Corporation, will jointly pursue a revenue guaranty program that will provide for Delta Airlines to make regional jet air carrier service available to the Urbana-Champaign community through the University of Illinois Willard Airport. Delta Airlines is the only regional air carrier that has expressed interest and can provide the route and hub connections necessary to meet the destination and schedule requirements most beneficial to University travelers.
The estimated expenditure amounts shown are those that will be made each year to offset any revenue shortfall that may occur during the two-year term of this agreement. It is anticipated that the volume of travel via this air carrier service will significantly offset and potentially eliminate the need for making any expenditures under the revenue guaranty agreement.
For additional information, contact:
Phone: (217) 333-3582
FAX: (217) 244-7879