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Sheri Ernico |
Title: Director
Office: Belmont, California
Practice Area/Specialization: Financial feasibility, airline use and lease
negotiations, business and financial strategy development
Sheri Ernico has 27 years of experience in airport financial and economic analysis,
including strategic financial planning, capital program development, financial
feasibility studies for more than $4 billion in bonds, rates and charges analyses,
passenger facility charge (PFC) and grant programs, privatization assessments
and analyses, institutional reviews, air cargo financing evaluations, fuel
system business planning, aviation market analyses, and forecasts of aviation
demand. Sheri has helped numerous airport operators develop financial policies
to address short-term challenges and meet long-term strategic financial goals.
Sheri also participated in privatization initiatives in Argentina, South Africa,
Spain, and the United States. She served from 1995 -2000 as the organizer and
leader of the American Association of Airport Executives (AAAE) Airport Rates
and Charges Workshop and from 1990-2000 conducted the Finance Module at the University
of California, Berkeley, Airport Systems Planning and Design short course.. Representative Projects:
Client/Airport
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Projects
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Raleigh-Durham Airport Authority
Raleigh-Durham International Airport |
Strategic financial planning for Terminal C Expansion and
Redevelopment Program
PFC application development and preparation, and amendments
Financial Feasibility Studies for 2005, 2006, and 2007 Bonds totaling $577 million
for Terminal C |
Tucson Airport Authority
Tucson International Airport |
CIP financial planning
Airline negotiation assistance
Revisions to bond master indenture
2006 Financial Feasibility Study in support of terminal expansion |
County of Sacramento, Department of Airports
Sacramento International Airport |
Financial planning in support of $1.8 billion CIP
Assistance in airline negotiations
Assistance in benefit cost analysis and LOI
Participation in drafting new bond master indentures |
| Greater Orlando Aviation Authority, Orlando International
Airport |
2002 Financial Feasibility Study
Strategic financing planning and support for negotiation of new airline use
and lease agreement
Assistance in bond rating presentations |
| Orange County, John Wayne Airport |
Financial Analysis and Preliminary Financial
Plan for $512 million Airport Capital Improvement Program
PFC application development and preparation in support of ACIP |
Burbank-Glendale-Pasadena
Airport Authority
Bob Hope Airport |
2005 Financial Feasibility Study
Assistance in drafting new bond resolution |
| Federal Aviation Administration |
The Impact of Air Carriers Emerging from Bankruptcy
on Hub Airports, Airport Systems, and U.S. Capital Bond Markets |
Massachusetts Port Authority
Boston-Logan International Airport |
Strategic Financial Planning and Financial Feasibility
Analyses in Support of a $2 Billion Multi-year Airport Capital Program |
The Port Authority of New York and New Jersey
John F. Kennedy International Airport |
Financial Feasibility Study for a $934 Million
Special Facility Bond Issue for New International Arrivals Building (Terminal
4) |
Susquehanna Area Regional Airport Authority
Harrisburg International Airport |
Negotiation of new airline use and lease agreements
Conversion from state-owned to authority-owned airport system
Master plan financial analyses |
| Allegheny County Airport Authority, Pittsburgh International
Airport |
Financial Feasibility Studies in support of $800
million Midfield Terminal
Negotiation of airline use and lease agreement
Traffic forecasting |
| City of Cleveland, Cleveland International Airport |
Financial Feasibility Studies in support of $800
million CIP
Negotiation of special facility terminal lease agreement for Continental Airlines
expansion |
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Prior Experience:
Sheri previously held the position of the Finance Director for San Francisco
International Airport, where she directed the capital and operating budgets,
bond issues, airline rate setting, PFC applications, risk management, AIP grant
strategies, traffic and concession reporting, airline coordination on capital
projects and rates and charges, developing a new investment policy for the Airport,
and the financial strategy for the runway reconfiguration project.
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