PLP, OBA clash over airport | The Royal Gazette:Bermuda News

Bermuda will have to pay up to $16 million in October to cover lost airport revenues as a result of the Covid-19 pandemic, the Progressive Labour Party claimed yesterday.The PLP said it would be the second payment to satisfy the minimum revenue guarantee present in the airport deal.In August, the Bermuda Government transferred $5.77 million to a bank in New York set up by Aecon, the Canadian-based contractor, and Skyport, the airport’s operating company, to satisfy the guarantee present in