New Jersey FBO and maintenance provider Millville Jet Center closed its doors last month. The company was unable to meet its financial obligations, which included $500,000 owed to the Delaware River & Bay Authority for lease revenue and fuel flowage fees. Millville Jet Center had negotiated an agreement to restructure the debt, but the company was unable to continue operating. About 70 employees lost their jobs.
After an extended battle with financial problems, New Jersey-based Millville Jet Center (MJC) ended six years of operation. The Delaware River & Bay Authority (DRBA) says it has been trying to work out a mutually acceptable lease agreement for the 45,000-sq-ft hangar and office space on Millville Municipal Airport but to no avail.
Millville Jet Center’s financial predicament is making news for the second time since last November. The New Jersey-based MRO is in the center of a complex relationship in which MIV Leaseholds rents property from the Delaware River & Bay Authority (DRBA) and sublets it to Millville Jet Center. MIV Leaseholds has filed for Chapter 11 bankruptcy protection.
Word spread quickly throughout the business aviation community when an eBay ad appeared on November 19 offering Millville Jet Center for sale at $2.5 million. By the end of the day the ad had been withdrawn but, according to Millville president Cliff Russell, did what it was intended to do: generate attention. Although his maintenance business is down 30 to 40 percent from last year, he’s not really looking to sell the Millville operation.
Word spread quickly throughout the business aviation community when an ad on the eBay auction Web site appeared on November 19 offering Millville Jet Center in New Jersey for sale at $2.5 million. By the end of the day the ad had been withdrawn, but according to Millville president Cliff Russell, “It generated a lot of telephone calls.” Russell said his maintenance business is down 30 to 40 percent from last year.
Pilots can earn double Avtrip points from Avfuel’s new dealer, Big Sky Aviation. The company operates two FBOs at airports in Millville and Cape May, N.J. The double Avtrip points are available until October 22.
Dallas Airmotive’s late-September announcement that it would be closing its Millville, N.J. facility caused something of a stir. Much of the concern focuses on the loss of more than 240 jobs, but some concern stems from the company’s long history.
Citation owners now have another engine maintenance option on the East Coast. Dallas Airmotive’s Millville regional turbine center has added repair, hot-section inspection and field service on Pratt & Whitney Canada PW500 engines. The engine powers the Cessna Citation Bravo, Encore, Encore+, Excel, XLS and XLS+.
Dallas Airmotive also recently announced that it has opened a regional turbine center in Millville, N.J. The 8,000-sq-ft facility supports turbine aircraft operators in the Northeastern U.S. and is located at Millville Municipal Airport adjacent to the company’s maintenance hangar. Last year Dallas Airmotive closed Millville engine overhaul operations.