Deciding that it wanted to return to the meat and potatoes of its core business, hamburger restaurant chain Krystal has divested its FBO at Chattanooga (Tenn.) Airport (CHA). The buyer was TAC Air, the Texarkana, Texas-based division of Truman Arnold Companies. Assets include Krystal North and South facilities, located at opposite ends of the ramp area, which is east of the intersection of Runways 2-20 (7,401 ft) and 15-33 (5,000 ft). A TAC Air official told AIN he was excited about the acquisition because there is little chance for any competing FBO to spring up at the airport, where the FBO pumps about one million gallons of fuel per year. “It’s a great opportunity. The [Chickamauga] River runs by the west side of the field, so there is no possibility of expansion in that direction. And the Krystal North and South properties encompass all available ramp space.”
The facility includes eight large hangars totaling 120,000 sq ft under roof, with an additional 44,000 sq ft of office space. There are also 31 T-hangars included in the deal and two fuel farms that can hold 80,000 gal of jet-A, a 15,000-gal tank for avgas and another that can hold 10,000 gal of automotive fuel.
Greg Arnold, president and COO of Truman Arnold Companies, said, “Chattanooga is a vibrant, growing market that fits well into our geographic network.” TAC Air also operates FBOs in Amarillo, Texas (AMA); Denver Centennial (APA); Fort Smith, Ark. (FSM); Greenville, S.C. (GMU); Bradley Airport in Hartford, Conn. (BDL); Lexington, Ken. (LEX); Omaha, Neb. (OMA); Shreveport, La. (SHV); and Texarkana, Texas (TXK).