Atlantic Aviation has received a 40-year extension on its FBO lease at Addison Airport from the city of Addison, Texas. The company operates one of the two (soon to be three) service providers at the Dallas-area dedicated general aviation gateway, which is home to nearly 150 business jets.
As part of the renewal, Atlantic has committed to a $15 million expansion and upgrade of its current facility, which will include the construction of a new 28,600-sq-ft hangar capable of sheltering the largest new business jets, with office space for flight department tenants. As well, the provider will renovate its two existing 26,000- and 23,000-sq-ft hangars, along with its 3,200-sq-ft terminal that features a flight planning room, six-seat conference room, pilots lounge with snooze room, and shower facilities.
“These improvements to our facilities and operations demonstrate Atlantic’s commitment to the Addison/Dallas market for the long term," said Steve Hirschfeld, the Plano, Texas-based company’s senior vice president.
Earlier this summer Black Forest Ventures announced it broke ground on a new FBO at the airport, which is scheduled to debut in the summer of 2021.
