Monday, January 8th | RSVP
5:30 – 7:00 p.m. | Embassy Suites
The Garden Room
3880 W. Northwest Highway, Dallas 75220
5:30 p.m. Appetizers and Cash Bar
6:00 p.m. Program
DFW International Airport – The Biggest Economic Driver in Texas
What North Texas business covers 17,207 acres, has its own zip code as well as its own police, fire protection and emergency medical services, with $13.4 billion in total expenditures and $6.6 billion in output (gross product) each year as well as 76,145 permanent jobs? Our very own DFW Airport, third busiest airport in the world and the major economic engine of our region that touches each of our lives in many different ways, both personally and professionally. And as DFW Airport is owned by the cities of Dallas and Fort Worth, this is our company.
It is estimated that the total current annual impact of DFW Airport terminal operations, air carrier operations, retail and concessions (including rental cars), cargo-related tenants, other tenants, and visitor spending include approximately $37.0 billion in total expenditures and $19.8 billion in output (gross product) per year as well as 228,000 permanent jobs (including multiplier effects).
So what is on the horizon for DFW Airport? How does its Board and management plan to accommodate high growth in our region with ever increasing demands for high quality, reliable, safe, affordable, and frequent air traffic, both carrier and freight? And how will needed improvements be staged and paid for? What must be done to allow for unimpeded vehicular traffic into and out of the airport? And where will the skilled labor for daily operations come from? Can further measures be taken to safeguard the flying public from terrorist acts? For the answers to these questions and many more please join us on January 8 to hear a presentation about DFW Airport by Chris Poinsatte, Executive Vice President and Chief Financial Officer of DFW International Airport.
Chris Poinsatte was appointed Executive Vice President-Chief Financial Officer for the Airport in September 2003. Mr. Poinsatte is responsible for finance, strategic planning, performance measurement, information technology, and the airline business relationship.
Mr. Poinsatte recently completed the issuance of $7.5 billion of debt which included the refinancing of $3.5 billion of debt (net savings of almost $500 million) and $3.0 billion of new debt to finance DFW’s terminal renewal program and other capital projects. Mr. Poinsatte is focused on improving DFW’s performance measurement processes, working with the airlines on plans to meet DFW’s long-term air capacity needs, and developing a new Strategic Plan for the airport.
Mr. Poinsatte has held executive leadership positions in a wide range of international, private, and government organizations. Prior to joining the Airport, he was the Chief Financial Officer of NextJet Technologies, Inc., a start-up transportation management and logistics software company. Before that position, he served as the Chief Financial Officer for the Dallas Area Rapid Transit (DART) where he developed DART’s $2.9 billion financing program for its light rail expansion.
Mr. Poinsatte has received the Public Sector CFO of the Year Award from the Dallas Business Journal, the Fort Worth Business Press and D CEO Magazine. He graduated from the University of Notre Dame, is a Certified Public Accountant, and a frequent keynote speaker at various community and industry conference.