The Orlando International Airport Ground Transportation Permit Office will allow transportation companies and individuals to avoid the required security deposit by obtaining a Non-Concessionaire Permit Bond. Jet offers this bond directly to the business wanting to avoid a costly security deposit with an inexpensive surety bond alternative.
So long as the transporter pays all permit fees on time and follows permit guidelines, there will never be an issue with the bond or security deposit. It is only when the Orlando Airport has been financially damaged can there be action taken to make recompense. The transporter must make their payments for the duration they want to remain as such. When all attempts have failed to collect, the Orlando airport can tap the security deposit or the surety bond if one is in place.
The price of the Non-Concessionaire Permit Bond is just a small fraction of the set surety bond limit. The limit is exactly the amount of the security deposit that the Orlando Airport required. For Non-Concession Operators the security deposit is 2x the average monthly total fees. For taxicab and off-airport rentals, the deposit is 4x average monthly fees.
Since the bond is essentially an extension of credit, the surety bond cost will vary based upon the personal credit of the applicant. But still remains substantially less than the entire deposit amount if approved.
Applicants for the bond will submit a quick application online or can call Jet at (855) 296-2663. Our underwriter will review that application and, once approved, send an email with the quote and the ability to purchase the bond immediately.
Once purchased, the bond can either be sent directly to the customer or to the Orlando International Airport for filing. Their address is as follows:
Orlando International Airport
Ground Transportation Services/Permit Office
GOAA Annex Building
5855 Cargo Rd.
Orlando, FL 32827-4399
The bond may be cancelled at any time via an emailed request to [email protected]. Jet must wait to be released from the obligation from the Orlando International Airport before any prorated refund can be sent. The release of liability und will come if a security deposit, letter of credit, or surety bond replaces it. Or Jet can be released if the transporter has discontinued their permit at the airport.
If a bond claim does occur and is justified, Jet will reimburse the Orlando Airport for the damages sustained including any attorney or collection fees. Much like an extension of credit, Jet as the creditor must be paid back by the transport company in default. Surety bonds only operate under this principle of indemnification, which is a key difference between Surety and Insurance. The good news is that it keeps the upfront prices down.