Charlotte leaders have approved a new Airline Use and Lease Agreement between Charlotte Douglas International Airport (CLT), American Airlines and other signatory carriers, establishing a framework for continued growth and investment at the airport.

Charlotte Douglas is American Airlines' second-largest hub, and the new 10.5-year agreement extends a partnership the airline has described as a 40-year commitment.

Local media reported the agreement is valued at roughly $2 billion and includes plans for airport expansion while keeping American's presence at the airport intact.

City leaders described the deal as vital for the city's future.

Source: American Airlines Newsroom / QC News