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City of Gary and AFCO/AvPorts release Vision Document

GYY_Vision_Cover_Front-1The Public Private Partnership (“PPP”) between the City of Gary and AFCO/AvPORTS created this visioning document as a strategy to guide investment and development at and around the Gary/Chicago International Airport. The initiatives outlined in the document seek to position the Airport as a driver of economic growth, create a business- friendly environment for firms that require and support rail, highway, marine, pipeline, and air-oriented modes of transport, and market Gary and Northwest Indiana as a nexus of robust transportation and infrastructure networks.Areas of Focus:1. The Airport  * Secure customs capability  * Return of commercial service  * Market and promote the runway extension2. Surrounding Land  * Advance road improvement projects  * Promote development opportunities domestically and abroad  * Respond to inquiries and engage broker community3. Infrastructure  * Advance Buffington Harbor, Airport Road and Clark Road improvement initiatives  * Advocate for higher and better use of lakefront properties  * Integrate long term...

AFCO Master Development Agreement Approved

AFCO Master Development Agreement Approved

January 27, 2013 – Aviation Facilities Company, Inc. (AFCO) is pleased to announce that the Gary/Chicago International Airport Authority today unanimously approved development and management agreements to dramatically improve the economic landscape of the airport, the City of Gary and Northwest Indiana.

AFCO will Lead the Development

Under the terms of the agreements, AFCO will lead the development effort while its affiliate, AFCO/AvPORTS Management LLC (AvPorts) will lead the airport management effort. The transactions represent the culmination of a year-long public procurement selection and negotiation process that has been timed to coincide with the final stages of completion for extension of the main runway to 8,900 feet.The development agreement is expected to result in over $100 million in new development in and around the airport over the next 40 years with $25 million to be deployed by 2017. The transaction is structured as a Public Private Partnership (“P3”) with elements that include revenue sharing to the City of...

AFCO Awarded Project to Finance, Design and Build a Central Receiving and Distribution Center at the San Diego International Airport

AFCO Awarded Project to Finance, Design and Build

January 2012Aviation Facilities Company, Inc. (AFCO) is pleased to announce that it has been awarded a contract and issued a formal notice to proceed to finance, design and build a Central Receiving and Distribution Center (CRDC) on behalf of the San Diego Regional County Airport Authority (Authority) at the San Diego International Airport in San Diego, California.The 21,000 square foot facility, estimated to cost $8.5 million, will serve as a modern, efficient and environmentally friendly, logistics, storage and distribution center for goods, supplies and products for all of the terminal concession operations at the airport and will be built on approximately 1.5 acres on the north side of the airport.  The CRDC project will be a key component to the Authority’s new concession program at the airport.

Positive Impact on Community

“The Central Receiving and Distribution Center will be an integral part of the airport’s future,” said Thella Bowens, President/CEO of the Airport Authority.  “It will...

AFCO Selected Finance Design Build Vertiport/Heliport In Downtown Chicago

AFCO Selected Finance Design Build Vertiport/Heliport

January 2011Aviation Facilities Company, Inc. (AFCO) is pleased to announce that AFCO Nighthawk Vertiport LLC, a joint venture between AFCO and Nighthawk Services LLC, has been selected by the Illinois Medical District Commission (IMD) to develop a vertiport/heliport, on a 10-acre site in the Illinois Medical District, located on the West Side of the City of Chicago.

About the Project

The project will consist of touchdown, liftoff and aircraft parking areas as well as a fixed-base operation that will include a terminal, hangars, fuel, maintenance and other storage facilities, vehicle parking and an access control system.  The project will serve the needs of emergency medical helicopter operations along with corporate and charter activity.  The project is also being designed to accommodate a new generation of tiltrotor helicopters.The Illinois Medical District is the nation’s largest urban medical district and includes 560 acres of medical research facilities, labs, a biotech business incubator, raw development area, universities and over 40...

AFCO Announces Election of Frank Chambers as Chairman of the Board of Directors and Appointment of Chuck Stipancic as President and Chief Executive Officer

AFCO Leadership

AFCO announced that at its February 25, 2009 annual shareholders meeting that Francis X. Chambers, Jr. has been elected Chairman of the Board of Directors and that Charles Stipancic, Jr. has been appointed President and Chief Executive Officer.Mr. Chambers co-founded the Company in 1992 and has been its President and Chief Executive Officer since that time.  Mr. Stipancic, who joined the Company in 2003 as its Chief Operating Officer, is succeeding Mr. Chambers as President and Chief Executive Officer and will assume responsibility for the executive management of the Company.Mr. Chambers said, “We are very pleased to announce that Chuck is taking over the day to day management of the Company and are confident in his ability to steer the Company through these increasingly challenging times.  With know that Chuck will be successful in his new role given his knowledge of the industry and demonstrated leadership skills.” 

About - AFCO is a recognized leader in the development, management...

AFCO Announces Acquisition of AvPORTS Name and Seven Airport Management Contracts

AFCO Announces Acquisition

AFCO completed the acquisition of the trade name and assets of AvPORTS, which includes seven U.S. airport management contracts, from Macquarie Aviation North America, effective January 1, 2009.The assets being acquired by AFCO include management contracts to manage the airports on behalf of local governments at Albany International Airport (ALB) in Albany, New York; Atlantic City International Airport (ACY) in Atlantic City, New Jersey; Republic Airport (FRG) in Farmingdale, New York; Stewart International Airport (SWF) in the City of Newburgh and the Town of New Windsor, New York; Teterboro Airport (TEB) in Teterboro, New Jersey; Tweed-New Haven Regional Airport (HVN) in New Haven, Connecticut; and Westchester County Airport (HPN) in White Plains, New York. AvPORTS originated more than 80 years ago as Pan Am World Services, a division of Pam American Airlines and in subsequent buyouts has operated under the name of Johnson Controls World Services and American Port Services.  AvPORTS is currently one of the largest private airport...

Grand Opening Held for New Parking Facilities at Indianapolis International Airport

AFCO Grand Opening News

December 2008, Indianapolis International AirportAFCO has completed the construction of off-airport parking facilities on 25 acres near the southwest corner of Indianapolis International Airport. The new parking facilities are located near the new airport terminal complex and entrance road. Six Points Road Developers LLC (SPRD), a joint venture between AFCO and Airport Parking Management (APM), acquired 47 acres of land to develop the parking facilities in 2006. SPRD developed a 2,300 space valet and self-park facility and will develop any future commercial development. Of the 47 acres, approximately 25 are used for the parking operation and the balance of approximately 22 acres is earmarked for future commercial development, which may include hotels, industrial/flex space, and retail or office buildings.APM owned the Indy Park Ride & Fly LLC (IPRF), an off-airport parking operation near the current airport entrance at the northeast corner of the airport. This operation is relocated to the new site. APM previously teamed with AFCO...

AFCO Begins Construction of Parking Facilities at Indianapolis International Airport

AFCO Begins Construction

August 2008, Indianapolis International AirportAFCO has begun construction of off-airport parking facilities on 25 acres near the southwest corner of Indianapolis International Airport. The new parking facilities will be located near the new airport terminal complex and entrance road, which are currently under construction and expected to be completed in early November 2008. Six Points Road Developers LLC (SPRD), a joint venture between AFCO and Airport Parking Management (APM), acquired 47 acres of land to develop the parking facilities in 2006. SPRD will develop the parking facilities and any future commercial development. Of the 47 acres, approximately 25 will be used for the parking operation and the balance of approximately 22 acres is earmarked for future commercial development, which may include hotels, industrial/flex space, and retail or office buildings.APM currently owns Indy Park Ride & Fly LLC (IPRF), an existing off-airport parking operation near the current airport entrance at the northeast corner of the airport. This operation will...

AFCO Completes Construction of GSE Facility at Orlando International Airport

AFCO Completes Construction

AFCO has completed construction of a 40,000 square-foot ground support equipment (GSE) maintenance facility at Orlando International Airport (MCO). AFCO teamed with the design/build firm The Haskell Group based in Jacksonville, Florida.The new facility is the only purpose-built, multi-tenant GSE maintenance facility at MCO. The 30-year ground lease between AFCO and the Greater Orlando Airport Authority (GOAA) offers an ideal site location for state-of-the-art GSE maintenance operations, with an airside equipment staging area, complete with equipment wash rack facilities.The facility is 75% pre-leased. The initial tenants will take occupancy on February 1st, and the remaining tenants will take occupancy on March 1st. Tenants include Southwest Airlines, Tug Technologies, Skytanking USA, Quantem Aviation and Penaville Servisair USA.Jim Norris, AFCO Vice President, Development, negotiated the terms of the ground lease with GOAA. AFCO also owns and operates 50,000 square feet of office flex cargo facilities at MCO. 

About: AFCO is a recognized leader in the development, management and operation...

Construction Begins on New Commercial Airport in Branson, Missouri

AFCO - Construction Begins Branson Airport

AFCO was the developer for the first privately funded and operated for-profit commercial airport in the United States in Branson, Missouri.  Branson Airport LLC, in which AFCO has a minority ownership and sits on the board of Branson Airport LLC, closed on the financing for the new airport on June 28, 2007.The project was funded with private equity and $114 million in 30-year tax-exempt revenue bonds underwritten by Citigroup.  In its role as developer, AFCO was responsible for overseeing the design and construction of the project.  The new airport initially includes a 45,000 square-foot terminal facility geared towards low-cost airlines, a 7,140 foot runway that can ultimately be extended to 9,000 feet, an airport access road, fuel storage facilities and rental car and passenger parking facilities.Construction of the airport began in July 2007 and was completed in May 2009.  Burns & McDonnell designed the airport and McAninch Corporation of Des Moines, Iowa was the contractor...

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