WEBVTT

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UNIVERSITY.

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>> HELLO AND WELCOME TO INSIDE

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INDIANA BUSINESS...I'M GERRY

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DICK.

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HERE'S A LOOK AT WHAT'S MAKING

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INDIANA BUSINESS NEWS HEADLINES

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THIS WEEK...

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THE FIRST PHASE OF THE NEARLY

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$200 MILLION RUNWAY

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RECONSTRUCTION PROJECT IS

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CURRENTLY UNDERWAY AT THE

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INDIANAPOLIS INTERNATIONAL

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AIRPORT.

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AIRPORT AUTHORITY EXECUTIVE

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DIRECTOR MARIO RODRIGUEZ CALLS

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IT ONE OF THE MOST IMPORTANT

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PROJECTS IN THE AIRPORT'S

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HISTORY.

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PRESIDENT JOE BIDEN SIGNED THE

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CHIPS AND SCIENCE ACT OF 2022

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INTO LAW, PAVING THE WAY FOR A

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POTENTIAL MAJOR WAVE OF

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SEMICONDUCTOR MANUFACTURING IN

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THE UNITED STATES, INCLUDING

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INDIANA.

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THE LAW PROVIDES MORE THAN $52

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BILLION IN GRANTS AND OTHER

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INCENTIVES FOR THE SEMICONDUCTOR

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INDUSTRY AS WELL AS A 25% TAX

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CREDIT FOR COMPANIES THAT INVEST

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IN CHIP PLANTS IN THE U.S.

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PURDUE SAYS THE LAW WILL ALSO

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SUPPORT RESEARCH AND DEVELOPMENT

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AND WORKFORCE DEVELOPMENT

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INITIATIVES.

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THE GREAT LAKES VALLEY

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CONFERENCE IS PLANNING TO MAKE A

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BIG SPLASH BY MOVING THE 2023

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AND 2024 MEN'S AND WOMEN'S

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SWIMMING & DIVING CHAMPIONSHIPS

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FROM ELKHART TO EVANSVILLE.

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THE NEXT TWO MEETS WILL TAKE

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PLACE AT THE RECENTLY-OPENED $27

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MILLION DEACONESS AQUATIC

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CENTER.

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>> NOW ON TO OUR TOP

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STORY...THAT RUNWAY EXPANSION

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PROJECT AT INDIANAPOLIS

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INTERNATIONAL, WHERE CREWS WILL

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BE POURING ENOUGH CONCRETE TO

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TRAVEL FROM INDY TO TERRE HAUTE!

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LET'S GO TO THE AIRPORT NOW AND

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BRING IN AIRPORT AUTHORITY

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EXECUTIVE DIRECTOR MARIO

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RODRIGUEZ.

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MARIO WHY IS THIS PROJECT SO

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IMPORTANT?

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YOU SAY IT'S PERHAPS THE MOST

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IMPORTANT PROJECT SINCE THE

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AIRPORT OPENED.

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>> IT'S AN HONOR TO BE HERE AND

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CONGRATULATIONS ON ALL OF YOUR

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SUCCESS AND ALL OF YOUR SHOW'S

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SUCCESS.

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IT'S INCREDIBLY IMPORTANT

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BECAUSE IT LAYS A FOUNDATION TO

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KEEP THIS AIRPORT VIABLE FOR THE

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NEXT 40 YEARS.

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YOU KNOW A LOT OF PEOPLE LOOK AT

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THE TERMINAL BECAUSE THAT'S --

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LET'S GET ON AN AIRPLANE AND

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TAKE OFF.

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ACTUALLY, THE RUNWAY IS

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INCREDIBLY IMPORTANT.

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ON ALL OF THE SYSTEMS, ALL OF

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THE LANDING SYSTEMS, EVERYTHING

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THAT MAKES AIRCRAFT GO AND LAND

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AND TAKE OFF SAFELY ARE THE MOST

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IMPORTANT THING THAT WE CAN DO

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HERE AT THE AIRPORT.

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>> YEAH, THREE YEAR, BIG

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PROJECT.

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NEARLY $200 MILLION.

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2700 JOBS.

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SO THIS WILL BE AN ECONOMIC

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GENERATOR AS WELL.

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>> WELL, MOST PEOPLE DON'T THINK

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ABOUT IT DEEPLY BUT CONSTRUCTION

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DOES CREATE JOBS AND IT CREATES

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GOOD JOBS.

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LAST YEAR, FOR EXAMPLE, 87% OF

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EVERY DOLLAR SPENT AT THE

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AIRPORT WENT TO LOCAL FIRMS.

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LOCAL CONSTRUCTION FIRMS.

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LOCAL PEOPLE THAT PROVIDE

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EVERYTHING FROM SANITARY

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EQUIPMENT TO CONSTRUCTION

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EQUIPMENT TO POURING CONCRETE.

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SO MOST OF THE MONEY SPENT HERE,

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MOST OF THE MONEY SPENT BY THE

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AIRPORT IS SPENT ON LOCAL, LOCAL

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FIRMS.

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>> MARIO, I HAVE TO ASK YOU,

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FLYING THESE DAYS IS A REAL PAIN

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IN THE -- WELL, THE YOU KNOW

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WHAT.

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I MEAN, WIDELY TALKED ABOUT ALL

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OVER THE COUNTRY.

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IS THERE ANY END IN SIGHT?

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ANY RELIEF IN SIGHT TO TRAVELERS

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WHETHER IT'S HERE TO

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INDIANAPOLIS INTERNATIONAL OR

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AROUND THE COUNTRY?

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>> EVENTUALLY, WHAT'S HAPPENING

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RIGHT NOW LET'S SAY OUR INDUSTRY

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IS IN A TRANSFORMATIVE PHASE.

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THE TWO YEARS OF THE PANDEMIC

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REALLY SQUEEZED TEN YEARS OF

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CHANGE INTO THE INDUSTRY.

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A LOT OF THE FLIGHT CREWS THAT

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WERE READY TO RETIRE WERE EARLY

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RETIRED BY THE AIRLINES SO YOU

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DON'T HAVE THAT AMOUNT OF

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CAPACITY ANY MORE.

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ON TOP OF THAT, THERE IS ANOTHER

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THING.

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WHAT WE ARE DOING RIGHT HERE.

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BUSINESS TRAVEL IS CHANGING.

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A LOT OF THE COMPANIES ARE DOING

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VIRTUAL MEETINGS WHICH IS FINE.

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THERE IS STILL A LOT OF FLYING

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AND BUSINESS FLYING.

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DON'T GET ME WRONG.

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THE AIRLINES THE LEGACY

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CARRIERS, UNITED, DELTA,

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AMERICAN, MODELED THEIR REVENUE

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ON BUSINESS AND FIRST CLASS.

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ONCE YOU TAKE OUT A PART OF

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THAT, YOU HAVE TO BASICALLY

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RE-DO YOUR BUSINESS MODEL.

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THE ITEMS THAT ARE REALLY

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HITTING THE AIRLINES HARD.

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>> LET'S LOOK AT NON-STOP

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FLIGHTS AND A BIG INCREASE OVER

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THE LAST SEVERAL YEARS AND THE

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AIRMART OF NON-STOPS AND PEOPLE

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ARE APPLAUDING.

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44 NON-STOPS NOW.

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WHAT ARE PROSPECTS FOR

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ADDITIONAL NON-STOPS GOING

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FORWARD.

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>> WE ARE WORKING VERY HARD.

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I THINK THEY ARE VERY GOOD.

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THERE IS A LOT OF PLACES THAT

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ARE UNDER SERVED AND THERE IS A

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LOT OF PLACES THAT LEISURE

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TRAVEL WANTS TO GO TO AND THERE

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IS STILL A LARGE COMPONENT OF

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BUSINESS TRAVEL OUT OF THE INDY

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MARKET.

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THE INDY MARKET IS EXTREMELY

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STRONG FOR THE AIRLINES AND I

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THINK YOU MAY BE DELIGHTED IN

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THE VERY NEAR FUTURE AND YOU

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WILL BE THE FIRST ONE I CALL TO

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INFORM AS TO OUR NEW NON-STOPS.

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ALSO IF YOU LOOK AT THE RUNWAY,

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GOING BACK TO THE RUNWAY, TWO

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MILES OF HIGHWAY GETS YOU TWO

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MILES DOWN THE ROAD.

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THIS TWO MILES OF RUNWAY WILL

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GET US ALL THE WAY TO EUROPE.

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>> OKAY, I WANT TO ASK YOU ABOUT

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THAT BECAUSE A LOT OF

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SPECULATION.

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THE AIRPORT, CITY, STATE HAVE

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BEEN WORKING FOR A LONG TIME TO

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GET ANOTHER NON-STOP TO EUROPE

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AND HAD THE NON-STOP TO PARIS

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THAT WENT AWAY.

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HOW SOON COULD WE SEE A NON-STOP

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WOULD IT BE TO LONDON?

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WHAT ARE WE LOOKING AT AND HOW

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SOON MIGHT WE HEAR SOMETHING?

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>> IT MAY BE TOWARDS THE END OF

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THE YEAR.

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I'M NOT GUARANTEEING ANYTHING.

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THE STATE AND THE CITY AND THE

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AIRPORT ARE WORKING INCREDIBLY

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HARD TO SOLIDIFY SOMETHING.

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AND IT'S NOT SOLID YET.

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THERE IS INTEREST BY AIRLINES TO

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FLY INTO EUROPE FROM THIS

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MARKET.

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LIKE I SAID BEFORE, THE MARKET

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IS AN INCREDIBLY STRONG MARKET.

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THE BUSINESS MARKET HERE IS

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INCREDIBLY STRONG AND COULD

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SUSTAIN A FLIGHT.

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>> SO SIGN OF BACK THAT SAYS TEN

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YEARS IN A ROW.

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BEST AIRPORT IN NORTH AMERICA.

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MARIO RODRIQUEZ.

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THANK YOU FOR JOINING US AND