US$40m FBO development approved at Van Nuys Airport

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The Board of Airport Commissioners at Van Nuys Airport (VNY), California, USA, has voted to reinstate fixed base operations on the north side of the airfield, paving the way for a 30-year lease and US$40m improvement project. Jet Aviation, in partnership with Gulfstream Aerospace, will provide new hangars, executive terminals, and maintenance and fueling facilities.

“Today’s action by the Board of Airport Commissioners reaffirms our commitment to develop VNY in a way that provides assured economic benefits for the airport, Van Nuys and the San Fernando Valley,” said Board of Airport Commission president Sean Burton.

“VNY is an important component of the region’s economic makeup, annually contributing US$1.3bn to the Southern California economy. Jet Aviation’s partnership with Gulfstream Aerospace Corporation will create over 200 new jobs and will have an estimated US$89m economic impact to the local economy over the term of the lease.”

“Van Nuys airport is one of the busiest general aviation hubs in the country,” said Los Angeles World Airports executive director Deborah Flint. “While this new fixed base operator will provide additional convenience, service and important economic benefits, our communicating with and building of positive working relationships with the communities that surround Van Nuys airport is important. We are mindful of the needs of airport users and our neighbors.”

The Jet Aviation facility will include over 200 new jobs with an average annual income of US$88,000, increased internship and apprentice programs, an estimated US$89m economic impact, two hangars, and office and shop space exceeding 100,000ft².

January 19, 2016

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Helen has worked for UKi Media & Events for nearly a decade. She joined the company as assistant editor on Passenger Terminal World and since progressed to become editor of five publications, covering everything from aviation, logistics and e-commerce to meteorology. She has a love for travel and property and has redeveloped three houses in three years. When she’s not editing magazines, she’s running around after her two boys and their partner in crime, Pete the pug.

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