The Indianapolis Airport Authority says it will end its contract with BAA Limited over the management of the airport in December, one year before BAA's contract was to expire, according to Inside INdiana Business.
The Authority says BAA had notified it that it would not pursue a new or extended contract. BAA will begin a phased hand over of management to the Authority in the next couple of months. The Authority says about 460 BAA employees will be brought under its operations in July. The Authority says the early cancellation of the contract is expected to save the airport about $2.3 million.
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