Title
AerSale, Inc. Amendment to Add 12 Acres at Phoenix Goodyear Airport (Ordinance S-47105)
Description
Request to authorize the City Manager, or his designee, to amend AerSale, Inc. (AerSale) Hangar Lease 75812 to add an additional 12 acres of land at Phoenix Goodyear Airport (GYR).
Report
Summary
AerSale currently leases Hangar 52, and approximately 44 acres of land under Hangar Lease 75812 where they conduct maintenance, repair, and overhaul (MRO) operations on commercial aircraft stored at GYR. AerSale has requested to increase their exclusive aircraft storage area with the addition of 12 acres of land to accommodate additional aircraft.
Contract Term
The term of the current Hangar Lese expires on June 27, 2026, and will not be extended by this amendment.
Financial Impact
AerSale pays $193.69-per-month for each airplane stored at GYR. Depending on the size of airplanes stored, the additional 12 acres has the capacity to store up to 12 commercial aircraft, which would generate approximately $27,891 per year in revenue to GYR if the area is fully utilized.
Concurrence/Previous Council Action
This item was recommended for approval by the Phoenix Aviation Advisory Board on Oct. 15, 2020, by a vote of 6-0 and the Transportation, Infrastructure and Innovation Subcommittee on Nov. 4, 2020, by a vote of 4-0.
Location
Phoenix Goodyear Airport - 1658 S. Litchfield Road, Goodyear, Ariz.
Council District: Out of City
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Aviation Department.