Business Excellence Awards
Applications are now being accepted for the 14th Annual Business Excellence Awar ...
T.F. Green Airport ushers more than 100,000 passengers into Rhode Island each month.
It is a serious economic engine for the state, and recent improvements have only made the airport one of the most hassle-free travel experiences in the Northeast.
Senior Vice President Finance & Administration and Chief Financial Officer Brian Schattle is among those responsible for T.F. Green and the state’s other five airports, collectively known as The Rhode Island Airport Corporation, or RIAC. He manages the agency’s finances, procurement, commercial programs and information technology.
Recent deals overseen by him have enabled the organization to enhance revenue streams, while increasing profitability.
The $267 million InterLink facility, which opened in October 2010 at T.F. Green, was one such transaction.
Connecting Mass. Bay Transportation Authority commuter trains, intercity bus service, a consolidated rental car facility and a 1,200-foot enclosed skywalk to the airport terminal, the InterLink was designed to make travel easy. The project was praised for its forward-thinking approaches to transportation connections, receiving the America’s Transportation Award in the Innovative Management category.
Schattle explained one of the reasons for the initiative was to consolidate rental-car offerings. With three rental-car operators within airport garages and the rest scattered along Post Road, the need to offer a more streamlined “quick-turnaround” facility was the driving force behind the InterLink development.
His implementation of a solid agreement with the rental-car companies was critical to InterLink’s success. Now, the financial terms and safeguards of the arrangement will allow the airport to “flourish in hard economic times as well as profitable times,” said Schattle.
He also led the issuance of two separate General Airport Revenue Bonds in 2005 and 2008. This financed more than $166 million in capital improvements at T.F. Green and the five other state airports. These funds were utilized, in part, to complete a major terminal improvement project at T.F Green, as well as construct a new terminal building on Block Island and a new hangar facility at Quonset Airport.