Fractional Hangar Facility Planned for Vancouver-area Airport

 - September 17, 2020, 2:57 PM

Canadian aviation services provider Fast Air expects to break ground next year on a new private aircraft hangar complex at Vancouver-area Abbotsford International Airport. The company has operated an FBO at Winnipeg International Airport for the past three decades, in addition to providing aircraft charter, management, and Part 145 maintenance. It will employ a "fractional ownership" model at the new facility, with those interested in basing their aircraft there purchasing a share in the location.

The $7 million-plus complex, intended to be the first in the country designed to accommodate both traditional and electric-powered business aircraft, will feature a 30,000-sq-ft heated community hangar that can shelter the latest large-cabin business jets. Fast Air will provide all ground handling and line services for tenants, who will have access to the company’s fueling program.

In addition, the first phase of the development will include a terminal with an executive lobby, boardroom, customizable office space, and private ramp space. A second phase could include private individual hangars, depending on demand. Fast Air expects to eventually transition the facility to handle transient aircraft as well.

“We just think this is an opportunity waiting to be developed,” Dan Rutherford, the company’s manager of business development, told AIN. “The economy in that area is growing strongly and Vancouver International Airport is congested.”

Abbotsford offers a 10,000-foot runway and lower operational costs, noted Rutherford, adding the company is pleased by the initial response it has received from aircraft owners and from the municipally-owned airport, which is currently served by one FBO.

"This project will provide an exciting new link to Canada's $12.1 billion business aviation sector, and we anticipate accelerated growth as a result," said Abbotsford mayor Henry Braun. "This project reflects the tremendous confidence Fast Air has in our community and the growing regional economy."