A high flyer manages Green growth

By Alli-Michelle Conti
Contributing Writer
T.F. Green Airport ushers more than 100,000 passengers into Rhode Island each month. More

To continue reading this article, please do one of the following.



CHIEF FINANCIAL OFFICERS

A high flyer manages Green growth

PBN PHOTO/NATALJA KENT
TAKING FLIGHT: Brian Schattle, R.I. Airport Corporation chief financial officer, has overseen the quasi-governmental agency through several large projects. Most recently, the corporation opened the $267 million InterLink Facility in 2010.
By Alli-Michelle Conti
Contributing Writer
Posted 4/9/12

T.F. Green Airport ushers more than 100,000 passengers into Rhode Island each month.

It is a serious economic engine for the state, and recent improvements have only made the airport one of the most hassle-free travel experiences in the Northeast.

Senior Vice President Finance & Administration and Chief Financial Officer Brian Schattle is among those responsible for T.F. Green and the state’s other five airports, collectively known as The Rhode Island Airport Corporation, or RIAC. He manages the agency’s finances, procurement, commercial programs and information technology.

Recent deals overseen by him have enabled the organization to enhance revenue streams, while increasing profitability.

The $267 million InterLink facility, which opened in October 2010 at T.F. Green, was one such transaction.

Connecting Mass. Bay Transportation Authority commuter trains, intercity bus service, a consolidated rental car facility and a 1,200-foot enclosed skywalk to the airport terminal, the InterLink was designed to make travel easy. The project was praised for its forward-thinking approaches to transportation connections, receiving the America’s Transportation Award in the Innovative Management category.

Schattle explained one of the reasons for the initiative was to consolidate rental-car offerings. With three rental-car operators within airport garages and the rest scattered along Post Road, the need to offer a more streamlined “quick-turnaround” facility was the driving force behind the InterLink development.

His implementation of a solid agreement with the rental-car companies was critical to InterLink’s success. Now, the financial terms and safeguards of the arrangement will allow the airport to “flourish in hard economic times as well as profitable times,” said Schattle.

He also led the issuance of two separate General Airport Revenue Bonds in 2005 and 2008. This financed more than $166 million in capital improvements at T.F. Green and the five other state airports. These funds were utilized, in part, to complete a major terminal improvement project at T.F Green, as well as construct a new terminal building on Block Island and a new hangar facility at Quonset Airport.

Next Page
Calendar
PBN Hosted
Events

Two Great Programs...One Great Event. PBN's Annual Celebration of Growth and Innovation is now underway. 2014 applications are now available. Deadline August 1st.
  • Healthiest Employers
    Celebrate with the Healthiest Employers in RI on August 14th at the Providence M ...
  • 40 Under Forty
    Thank you to our sponsors and to all those who attended the 10th Anniversary of ...
Advertisement
Purchase Data
Book of Lists
Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  •  
  • Purchase an e-File of the entire Book of Lists database
  •  
  • Purchase a printed copy of the Book of Lists
  •  
    National
    Local
    Latest News
    Advertisement