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ALSTEF signs 20-year ADM contract
ALSTEF signed a 20-year contract with ADM (Montréal Airport) in September for the operation and maintenance of its new US departures area. The contract covers the whole baggage handling process.
On 15 September 2009, ALSTEF signed a 20-year contract with ADM (Montréal Airport) for the operation and maintenance of its new US departures area. The contract, for an amount of approximately CAD 10 million (€6m) per year, covers the whole baggage handling process, from passenger assistance at check-in for baggage drop-off, through to when baggage is loaded into containers by airline companies.
As a result, a team of 70 people has been assigned to cover two 9-hour shifts to ensure the smooth running of the system from the control room, preventative and corrective maintenance, and the supply and management of spare parts.
As part of the contract, ALSTEF had to pay CAD 46 million (€30m) in order to secure exclusive operation rights. Funding was organised by RBC (Royal Bank of Canada) through the issue of bonds rated as A2 by the credit reference agency, Moody’s.
Costs related to operations and debt repayments are charged directly to airline companies each month, according to their passenger numbers.
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