Cafaro gives $100K to airport venture

VIENNA, Ohio (WKBN) – The Cafaro Foundation is joining forces to bring regular airline service to the Youngstown-Warren Regional Airport.

In a news release on Tuesday, the Cafaro Foundation announced they are offering a $100,000 grant to help YNGAir Partners, the non-profit foundation of the Western Reserve Port Authority, to restore daily service at the airport.

The port authority is currently in discussions with United Airlines to bring regular, daily flights to Chicago with connecting flights to multiple destinations.

A fund is being set up to offer United Airlines a revenue guarantee if they should decide to bring service to the Youngstown Warren Regional Airport. A total of $450,000 is being requested by the WRPA from area businesses to help fund the venture. Airport officials have also secured a $780,000 federal grant and the Port Authority has provided $420,000 dollars in matching funds to lure United Airlines to the Valley.

“We hope that this $100,000 gift from our family and our charitable foundation will serve as a catalyst for other contributions”, said William A. Cafaro, Co-President of the Cafaro organization. “The many companies in our area collectively spend hundreds of thousands of dollars in airfare annually. The need is there. Why not make the service more convenient than having to drive to flights originating in Cleveland, Akron or Pittsburgh?”

The company’s other Co-President, Anthony Cafaro, Jr., says business and even leisure travelers would benefit.

“Think of this as an investment in our economic future,” said Cafaro. “Regular, daily service makes our region so much more accessible and appealing to investors and business executives in other parts of the country.”

United Airlines recently closed their hub at Cleveland-Hopkins International Airport and expressed interest in bringing daily service to the Youngstown -Warren Regional Airport pending feasibility studies.

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