Category Archives: AvPorts

About AvPorts – Creating maximum value for airport owners, users, and communities through the unrivaled integration of airport management capabilities, experience, and expertise.

Acquisition News – AFCO Inc & AvPorts

Acquisition News

Dulles, VA. – May 24, 2018 – Aviation Facilities Company, Inc. (“AFCO”) and AFCO AvPorts Management LLC (“AvPorts”), both industry leaders in the development and management of airports and airport infrastructure, announced they have entered into a definitive agreement to be acquired by West Street Infrastructure Partners III (“WSIP III”), a family of infrastructure investment funds managed by the Merchant Banking Division of The Goldman Sachs Group, Inc. (“Goldman Sachs”). The transaction transfers ownership from a diversified base of investors to WSIP III. Full Press Release in PDF Format here.

City of Gary and AFCO/AvPorts release Vision Document

GYY_Vision_Cover_Front-1 The 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 extension 2. Surrounding Land  * Advance road improvement projects  * Promote development opportunities domestically and abroad  * Respond to inquiries and engage broker community 3. 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 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...