25 generated an annual loss of $1 million, but then returned the business to generate an annual profit of $2 million. When leases expired, U.S. airports were able to set market prices again and degenerated into the consumer price index. Los Angeles County retains its contract management staff (the county still reviews and authorizes leases of more than one month), capital planning, financial management, master`s planning, strategic planning, construction and inspecation, but reduces airport staff from 90 to 9. In addition, U.S. airports have assumed full responsibility as airport operators and are responsible for implementing airport maintenance to an established standard. Based on the “Revenue Share” approach, American Airports supports the risk of managing airport costs. The first 5-year option was exercised in 2011 and extended the contract until April 2016. 4.2.5 Expressions of Interest for Ontario International Airport In January 2011, Los Angeles World Airports (LAWA) issued a request for interest from the pri-vate industry and other interested parties to eventually complete the operation of the LA International Airport. Ontario. The airport is owned by LAWA, which also includes Los Angeles International Airport and Van Nuys Airport. In expressions of interest, the parties question how they might be able to restore (1) passenger traffic before 2008 and increase its share of air traffic in the Los Angeles area, (2) effectively market the airport to airlines, passengers and air cargo companies, (3) operate the airport more efficiently and (4) offset the improvement initiatives currently underway in the air port while maintaining its long-term growth capacity. LAWA received 10 responses to Inter-East expressions, including private operators of local and national ga airports, international airport managers and infrastructure investors.
LAWA operates Ontario International Airport as part of a long-term agreement on common powers with the City of Ontario. Officials from the City of Ontario have been in negotiations with the City of Los Angeles and LAWA to return control to Ontario. The Ontario Municipal Government believes that local screening would better cope with the sharp decline in airport passenger traffic since 2007 and reduce the airport`s high operating costs, which contribute to relatively high fees. (The main factor in the increase in fees was the 30% decrease in passenger numbers between 2007 and 2009). Since December 2011, no action has been taken against expressions of interest and there has been no movement at the Request of the City of Ontario to regain control of the airport.