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Jay Leno Pitches Airport Bonds in Duesenberg
23 Apr
Summary
- Jay Leno promotes airport revenue bonds in a vintage car video.
- Burbank Airport seeks $379 million for a new terminal project.
- The new terminal is slated to open in October and boost passenger capacity.
Renowned TV personality and car enthusiast Jay Leno is featured in a unique marketing video to promote a significant municipal bond offering for Hollywood Burbank Airport. The airport authority is seeking to raise $379 million to fund a new, state-of-the-art terminal.
Leno, a local 'friend of the airport' due to his adjacent car collection, drives a 1930 Duesenberg in the video filmed at the construction site. He highlights the new terminal's progress, calling Burbank an "oasis" and emphasizing that the project is union-built, on time, and on budget.
The new 355,000 square-foot terminal is set to open in October 2026. Airport officials anticipate heavy use in the coming years, partly due to anticipated passenger increases for major upcoming events. Fitch Ratings has assigned the airport authority an A- rating.
The bond offering is expected to price around May 5, 2026, though timing may adjust based on market conditions and geopolitical situations. Bank of America Corp. is serving as the lead underwriter for this offering.
