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Larry D. Cox, longtime president and CEO of the Memphis-Shelby County Airport Authority, will become chairman of the Greater Memphis Chamber Jan. 1. The board of directors unanimously elected Cox earlier this month.
The Memphis-based Great American Steamboat Company has surpassed the halfway mark in selling out the first cruises aboard the American Queen in April, the CEO told the Memphis-Shelby County Airport Authority's board Thursday. We did a half-million dollars in cruise sales" on Wednesday, Jeff Krida said in an unusual presentation for an airport board.
Memphis airport officials approved more than $52 million in contracts Thursday contingent on getting federal grants to cover improvements ranging from family restrooms to a new screening system for checked baggage. Memphis-Shelby County Airport Authority officials were confident grants from the Federal Aviation Administration and Department of Homeland Security will materialize, despite budget-cutting fervor in Washington. The airport anticipates the grants in the federal fiscal year that starts Oct. 1.
The Memphis-Shelby County Airport Authority will take advantage of a down real estate market to buy out an office and distribution park near the FedEx superhub for as much as $12 million. The authority voted Thursday to approve the purchase from BICO Partners, an entity of Belz Investment Co., which developed warehouses and offices on the property under long-term land leases dating to 1979 and 1984.
Although the looming shutdown of the federal government will have little immediate effect on the Mid-South, it has cast uncertainty over such events as a Mississippi River inspection trip and the anniversary re-enactment of the Battle of Shiloh. There should be no disruption at Memphis International Airport, which depends on the Federal Aviation Administration for air- traffic control and the Transportation Security Administration for operation of security checkpoints, said Larry Cox, president and CEO of the Memphis-Shelby County Airport Authority.
Memphis International Airport's 18-year run as world's largest cargo airport is over. Red-hot economic growth in Asia helped Hong Kong International Airport eclipse Memphis in 2010, Memphis-Shelby County Airport Authority officials said.
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