by Nick Delgado
Guam - The Guam International Airport Authority's board of directors approved Moylan's Insurance to provide $1.36 million in premium property insurance, as well as coverage for airport operators and directors liability, worker's compensation, automobile and crime insurance. Moylan's was among a handful of other companies to submit the lowest bid on time.
The approval by the board also brought up concern made by Senator Rory Respicio that come aviation insurance requirements may be impeding small business. Airport spokesperson Rolenda Faasuamalie says the airport's consultant is working on the issue, and will be responding to the senator as well as aviators soon. "We are looking at in our master plan when our runways are fully complete to segregate their operations from the bigger commercial airlines and those options include using specific runways for general aviation operators and having the extended runways reserved for big commercial operators," she said.
Although it wasn't discussed during the meeting, Faasumalie adds the airport has released all disbursements owed to PacAir. The funds were withheld after concern was raised by the board chair until the company provided more information on its subleasing activity. She says there is no official date when the airport will meet with PacAir to iron out the concerns.
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