US$40 Million Development for Van Nuys Airport

Van Nuys Airport
The Board of Airport Commissioners has approved a US$40 Million development for a new Fixed Base Operator at Van Nuys Airport (IATA:VNY) in California, USA.
The Board’s vote reinstates fixed base operations on the north side of the airfield and paves the way for a 30-year lease $40 million improvement project at VNY.
Jet Aviation in partnership with Gulfstream Aerospace will provide new hangars, executive terminals, maintenance and fuelling facilities.
When announced on January 14, Sean Burton, the Board of Airport Commission President commented: “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. VNY is an important component of the region’s economic makeup, annually contributing $1.3 billion to the Southern California economy. Jet Aviation’s partnership with Gulfstream Aerospace Corporation will create over 200 new jobs and will have an estimated $89 million economic impact to the local economy over the term of the lease.”
Deborah Flint, Executive Director, of airport operator Los Angeles World Airports added: “Van Nuys airport is one of the busiest general aviation hubs in the country. While this new fixed base operator will provide additional convenience, service and important economic benefits, our communicating with and building positive working relationships with the communities that surround Van Nuys airport is important. We are mindful of the needs of airport users and our neighbours.”