Official Statement Airport Commission City and County of San ...

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� United Airlines commenced daily non-stop service between the Airport and Pittsburgh, Pennsylvania on September 2, 2009 and one new non-stop service to Kansas City, Missouri on October 1, 2009. � jetBlue Airways commenced daily non-stop service between the Airport and Fort Lauderdale, Florida on November 17, 2009. � On November 18, 2009, Virgin America commenced two daily non-stop flights between the Airport and Fort Lauderdale, Florida. � For the 2009 winter season, Northwest/Delta Airlines announced that the summer season flights to Memphis, Tennessee will continue, and AirTran announced that its seasonal service to Milwaukee, Wisconsin will be continued. � On December 17, 2009, United Airlines launched seasonal daily non-stop service between the Airport and Bozeman, Montana through April 2010. � On January 5, 2010, jetBlue Airways added a second daily flight from the Airport to Boston, Massachusetts, a second daily flight from the Airport to New York, New York, and two additional daily flights from the Airport to Long Beach, California. � On February 11, 2010, United Airlines is expected to initiate daily non-stop service between the Airport and St. Louis, Missouri. � In March 2010, United Airlines is expected to reinstate a second daily non-stop flights from the Airport to Frankfurt, Germany, from the Airport to Tokyo, Japan and from the Airport to London, England. United Airlines is also expected to add two weekly non-stop flights from the Airport to Osaka, Japan which will result in service being provided seven-days per week to Osaka from the Airport. � In May 2010, Air Berlin is expected to initiate twice weekly non-stop service from the Airport to Düsseldorf, Germany; and WestJet is expected to initiate a third weekly non-stop flight to Edmonton, Canada through October 2010 and WestJet is expected to reinstate seasonal daily nonstop service to Calgary, Canada through October 2010. � In June 2010, Swiss International Air Line is expected to initiate six times per week, non-stop service between the Airport and Zurich Switzerland; United Airlines is expected to commence daily summer service from the Airport to Anchorage, Alaska; Air France is expected to commence a second daily non-stop flight to Paris, France; and WestJet is expected to initiate daily non-stop service from the Airport to Vancouver, Canada through October 2010. See also “AIRPORT’S FINANCIAL AND RELATED INFORMATION–Operating Revenues–Terminal Rental Rates and Landing Fees” and “–Aviation Market Stimulus Program.” The following is a description of new service that commenced during Fiscal Year 2008-09: � From April 2007 through October 2008, United Airlines operated one additional daily nonstop flight from the Airport to Frankfurt, Germany and three additional weekly nonstop flights from the Airport to Hong Kong, China. � In June 2008 Virgin America Airlines added an additional twice daily flight to Seattle, Washington. � From June 6, 2008 through January 4, 2009, Allegiant Air provided three times per week service between the Airport and Bellingham, Washington. 44
� On June 14, 2008 through January 12, 2009, Jet Airways provided daily service between the Airport and Mumbai, India, via Shanghai, China. � On July 7, 2008, United commenced twice daily flights to Klamath Falls, Oregon and to Coos Bay/North Bend, Oregon. � In October 2008, Southwest Airlines commenced three times daily nonstop service to Denver, Colorado, which service was increased to four times daily. � jetBlue Airways added a third daily flight to Long Beach, California on November 2, 2008. � Mexicana Airlines added four additional flights per week between the Airport and Mexico City, Mexico in November 2008 and commenced four times per week service between the Airport and Puerto Vallarta, Mexico in December 2008. � On December 15, 2008, Emirates Airlines launched three weekly nonstop flights to Dubai, United Arab Emirates. � In February 2009, Virgin America commenced two daily non-stop flights to Boston, AeroMexico commenced daily non-stop service to Puerto Vallarta, Mexico and Air Canada added two seasonal weekly flights to Calgary, Alberta Canada. � In February 2009, AeroMexico added non-stop flights to provide daily service to Mexico City, Mexico. � In April 2009, United Airlines reinstated a second daily flight to Frankfurt, Germany. � In May 2009, Southwest Airlines launched five daily flights to Orange County, Virgin America launched five daily non-stop flights to Orange County, California, jetBlue Airways reinstated a daily flight to Boston and Emirates Airlines added four weekly flights providing daily service to Dubai, United Arab Emirates. � In June 2009, United Airlines reinstated one daily non-stop flight to Toronto, Canada, and launched one daily non-stop flight to Minneapolis, Minnesota and two daily non-stop flights to Spokane and Pasco, Washington; Alaska Airlines resumed service to Anchorage, Alaska with one daily non-stop flight; and West Jet launched three weekly flights to Calgary, Canada. (Remainder of this Page Intentionally Left Blank) 45
Page 1: SAN FRANCISCO INTERNATIONAL AIRPORT
Page 4 and 5: 2010A BONDS MATURITY SCHEDULE The i
Page 6 and 7: Information Provided by the Commiss
Page 8 and 9: Page Page VERIFICATION OF MATHEMATI
Page 10 and 11: The 2010A Bonds will be secured by
Page 12 and 13: Maturity Date (May 1) 2011 2012 201
Page 14 and 15: Interest on the 2010A Bonds will be
Page 16 and 17: Mandatory Sinking Fund Redemption T
Page 18 and 19: Redemption of Credit Provider Bonds
Page 20 and 21: SPECIAL CONSIDERATIONS RELATING TO
Page 22 and 23: “Operation and Maintenance Expens
Page 24 and 25: Fifth, to pay for necessary reconst
Page 26 and 27: Letter of Credit Upon the delivery
Page 28 and 29: Pooled Reserve Account The 1991 Mas
Page 30 and 31: No Acceleration The Bonds are not s
Page 32 and 33: LETTER OF CREDIT AND REIMBURSEMENT
Page 34 and 35: appealable judgment, to be null and
Page 36 and 37: In addition to revenues received fr
Page 38 and 39: In addition to these regulatory act
Page 40 and 41: Each of Moody’s, Standard & Poor
Page 42 and 43: Initiative, Referendum and Charter
Page 44 and 45: Jackson J. Wong was appointed Chief
Page 46 and 47: that supports all airlines in the I
Page 48 and 49: from $1.50 to $4.00. The Airport is
Page 50 and 51: Airport Security In the immediate a
Page 54 and 55: The following table lists the air c
Page 56 and 57: During Fiscal Year 2008-09 approxim
Page 58 and 59: Domestic Enplanements. During Fisca
Page 60 and 61: International Enplanements. Interna
Page 62 and 63: Cargo Traffic and Landed Weight Car
Page 64 and 65: TOTAL LANDED WEIGHT BY AIRLINE †
Page 66 and 67: Settlement Agreement Under the Sett
Page 68 and 69: Expiration of the Settlement Agreem
Page 70 and 71: the beneficiaries (the people of th
Page 72 and 73: Hazardous Material Management Envir
Page 74 and 75: SUMMARY OF AIRPORT FINANCIAL RESULT
Page 76 and 77: Aviation Market Stimulus Program In
Page 78 and 79: On November 21, 2006, Travelex, the
Page 80 and 81: PRINCIPAL AIRPORT CONCESSIONAIRES
Page 82 and 83: Off-Airport Parking Facilities Seve
Page 84 and 85: INTEREST RATE SWAP POLICY MAXIMUM N
Page 86 and 87: The table below summarizes the inte
Page 88 and 89: SUMMARY OF PAYMENTS MADE BY THE AIR
Page 90 and 91: Voter Approved Changes to the Retir
Page 92 and 93: A decline in the actuarial value of
Page 94 and 95: Postemployment Health Care Benefits
Page 96 and 97: Under the Treasurer’s current inv
Page 98 and 99: Debt Service Requirements The follo
Page 100 and 101: Current and Future Financings Capit
Page 102 and 103:
Other Matters In the regular course
Page 104 and 105:
federal, state or local tax liabili
Page 106 and 107:
MISCELLANEOUS This Official Stateme
Page 108:
(This Page Intentionally Left Blank
Page 149 and 150:
Introduction APPENDIX B INFORMATION
Page 151 and 152:
APPENDIX C SUMMARY OF CERTAIN PROVI
Page 153 and 154:
Closing Date means the date upon wh
Page 155 and 156:
Interest Payment Date means each da
Page 157 and 158:
the Trustee for cancellation; (b) B
Page 159 and 160:
payment agreement with the United S
Page 161 and 162:
Special Facility means any existing
Page 163 and 164:
Revenue Fund; Allocation of Net Rev
Page 165 and 166:
Moneys in the respective accounts i
Page 167 and 168:
Investments are allocated. Amounts
Page 169 and 170:
Subordinate Bonds The Commission ma
Page 171 and 172:
act or thing the effect of which wo
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filing of any such petition or to t
Page 175 and 176:
moneys, funds and properties pledge
Page 177 and 178:
The recitals, statements and repres
Page 179 and 180:
The Trustee or the Paying Agent, as
Page 181 and 182:
to or greater than the Credit Facil
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(a) such 2010A Bonds sold by the Re
Page 185 and 186:
The Remarketing Agent The Remarketi
Page 187 and 188:
APPENDIX D SUMMARIES OF CERTAIN PRO
Page 189 and 190:
computations made in accordance wit
Page 191 and 192:
APPENDIX E SUMMARY OF CERTAIN PROVI
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statement, it must be available fro
Page 195 and 196:
Duties, Immunities and Liabilities
Page 197 and 198:
APPENDIX F INFORMATION REGARDING TH
Page 199 and 200:
Ambac Assurance’s consolidated fi
Page 201 and 202:
Capitalization of AGM At September
Page 203 and 204:
The available amount of each MBIA s
Page 205 and 206:
complaint also alleges that certain
Page 207 and 208:
APPENDIX G PROPOSED FORM OF OPINION
Page 209 and 210:
APPENDIX H JPMORGAN CHASE BANK, NAT
Page 211 and 212:
The Available Amount (as hereinafte
Page 213 and 214:
JPMorgan Chase Bank, National Assoc
Page 215 and 216:
Page 217 and 218:
Page 219 and 220:
IN WITNESS WHEREOF, this Certificat
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(ii) $_______________________ is de
Page 223 and 224:
Page 225 and 226:
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The undersigned Transferor acknowle
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The Bank of New York Trust Company,
Page 231 and 232:
Page 233 and 234:
The Bank of New York Trust Company,
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