The Biden-Harris Administration has submitted the President’s Budget for Fiscal Year (FY) 2025 to Congress, which provides US$62.2bn in discretionary funding for the Department of Homeland Security (DHS).

The budget includes a Transportation Security Administration (TSA) fee proposal that, if enacted, would decrease the discretionary funding request by US$1.6bn.

The TSA portion of the budget includes US$1.5bn to ensure TSA employees do not suffer a pay differential. Since implementing pay parity in July 2023, TSA has already seen an 11% reduction in attrition, and is making gains in retaining what has historically been a workforce with high turnover.

Continue reading Biden’s FY 2025 budget includes US$90m for checkpoint screening technology at Passenger Terminal Today.

Changi Airport Group (CAG) has released its sustainability report, Forging a Sustainable Changi, which outlines its sustainability approach and outcomes from the financial year ending March 31, 2022.

The report covers CAG’s activities across its four passenger terminal buildings, its air freight center and the aircraft operating areas. In the report, CAG committed to cutting carbon emissions while improving resource efficiency. Moving forward, the company plans to cap absolute carbon emissions at 2018 levels until 2030, even with the growing number of passengers that Singapore’s Changi Airport is expected to serve in the years ahead.

Continue reading Changi Airport Group releases sustainability report at Passenger Terminal Today.

Manchester Airports Group (MAG) has successfully raised £350m (US$454m) in the UK capital markets through the issuance of a 25-year bond.

MAG has disclosed that the order book for the bond was four times oversubscribed, totaling around £1.4bn (approximately US$1.8bn). The Group plans to use the proceeds of the bond to fund the transformational capital investment programs that the group is undertaking at its airports, as well as for general corporate purposes.

One project to benefit will be the Manchester Airport Transformation Programme (MAN-TP), which is currently well underway after starting in 2017.

Continue reading Manchester Airports Group secures US$454m in UK bond market at Passenger Terminal Today.