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Central Parking Corporation Partnership Assumes Parking Operations at San Francisco International Airport

Posted on: Tuesday, 10 July 2007, 12:22 CDT

Central Parking Corporation today announced that its partnership has assumed management of parking operations at San Francisco International Airport (SFO). SFO is one of the largest airports in the United States, serving more than 33 million passengers last year. New South Parking, a partnership between Central Parking System, Inc. and Global Parking Systems, LLC, was awarded the contract, which has an initial term of three years with two one-year renewal options. The partnership assumed operations on July 1, 2007.

"SFO is committed to providing travelers with unsurpassed safety, security and customer service," said John L. Martin, SFO Airport Director. "The selection of New South Parking to manage the airport's parking operations is entirely consistent with our commitment to providing unsurpassed customer service. As the parking operator for a number of the world's largest airports, New South Parking has the demonstrated ability to provide our customers with first class service."

"The award of the SFO contract is the latest in a series of major airport contracts awarded to our airport partnership," said Emanuel J. Eads, President and Chief Executive Officer of Central Parking Corporation. "We view the selection of our partnership to provide parking services at SFO and other major airports as confirmation of our position as the leading operator of major airports and a strong endorsement of our ability to add significant value to our airport clients by increasing revenues, reducing operating costs and enhancing customer service."

With the addition of SFO, Central Parking operates the on-site parking facilities for a total of 29 airports, including the major airports serving Los Angeles, Houston, Washington, D.C., Miami, Milwaukee, Toronto, Detroit, St. Louis, New Orleans, Ft. Lauderdale, Nashville and Athens, Greece.

Central Parking Corporation, headquartered in Nashville, Tennessee, is a leading provider of parking and transportation-related services. As of June 30, 2007, the Company operated approximately 3,000 parking facilities containing approximately 1.4 million spaces at locations in 37 states, the District of Columbia, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, Chile, Colombia, Peru, Spain, Switzerland and Greece.

Source: Business Wire

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