December 17, 2012
Michael Clinton
Web Producer- Jacksonville Business Journal

The Jacksonville Aviation Authority will build a new 150,000 square-foot-hangar at Cecil Airport for FlightStar Aircraft Services Inc.'s expansion.

With the expansion, FlightStar plans to create 350 to 400 new jobs.

The hangar will be funded equally through the Florida Department of Transportation and JAA, and will be the largest building project undertaken by JAA at Cecil Airport, according to a news release.

JAA will build the new hangar and office facility, which will also include adjoining aircraft apron and vehicle parking lot, on 11.5 acres of airport property and lease the land and hangar to FlightStar for maintenance, repair and overhaul at Cecil Airport.

FlightStar currently leases two hangars and one warehouse at Cecil Airport from JAA.

“Flightstar has been a significant tenant at Cecil Airport, and we are thrilled to see them expand their operations here,” said JAA Chairman A.L. Kelly in a news release. “The decision to build Hangar 935 is beneficial for both Flightstar and the Airport, and will add a needed boost to the Jacksonville economy.”

JAA and the FDOT each are contributing $13.5 million for the project. If the project exceeds $27 million, FlightStar will pay the remaining balance, according to a news release.

Source: http://bit.ly/UM7Fhl