Title
Executive Hangar Lease Agreement with Jackson Jet Center, LLC at Phoenix Sky Harbor International Airport (Ordinance S-52541) - District 8
Description
Request to authorize the City Manager, or the City Manager's designee, to enter into an executive hangar lease agreement with Jackson Jet Center LLC (Jackson Jet) at Phoenix Sky Harbor International Airport (PHX).
Report
Summary
Jackson Jet operates a full-service fixed base operator business at PHX and has requested to lease a vacant executive hangar consisting of approximately 5,449 square feet of hangar and adjoining office space.
Contract Term
The lease term will be approximately three years and expire on or about December 31, 2027. The lease will include three one-year options to extend the term that may be exercised at the sole discretion of the Aviation Director.
Financial Impact
Annual rent for the first year of the lease term is anticipated to be approximately $45,727.87. Rent will be adjusted annually based on the Phoenix-Mesa-Scottsdale Consumer Price Index or three percent, whichever is greater. Total revenue during the term of the lease will be approximately $228,639, if all options to extend are exercised.
Concurrence/Previous Council Action
The Phoenix Aviation Advisory Board, Business and Development Subcommittee, approved this item on December 4, 2025, by a vote of 3-0.
The Phoenix Aviation Advisory Board approved this item on November 20, 2025, by a vote of 6-0.
The Transportation, Infrastructure, and Planning Subcommittee approved this item on December 17, 2025, by a vote of 4-0.
Location
Phoenix Sky Harbor International Airport, 2485 E. Buckeye Road, Phoenix, AZ
Council District: 8
Department
Responsible Department
This item is submitted by Deputy City Manager Frank McCune and the Aviation Department.