04-01-2015, 11:10 PM
(This post was last modified: 04-01-2015, 11:17 PM by panamaniac.)
Region lands new tenant for Millardair hangar
Waterloo Region Record
By Paige Desmond
BRESLAU — Toronto-based Penmore Holdings Inc. is taking over the remaining 46 years on the massive Millardair hangar lease at the Region of Waterloo International Airport.
Chartright Air Group will relocate its Canadian Augusta Helicopter Service Centre from Toronto's Pearson airport and upcoming helicopter maintenance repair operation to the region.
"There was interest by more than one party," said Rob Horne, commissioner of planning, housing and community services. "It's a vote of confidence in the regional economy … let alone the airport."
It's expected over time up to 40 jobs will come to the region.
Regional councillors voted Wednesday to approve the deal. Millardair owned the hangar but the region owns the land it's built on and had to give the OK for the sale to Penmore Holdings.
Officials said they were not sure how much revenue the new lease, fuelling and landing fees would bring in, but airport general manager Chris Wood said lease fees are about $47,000 more annually than the $19,000 Millardair was paying.
"It will be increased for sure," Wood said. ....
http://www.therecord.com/news-story/5537...ir-hangar/
Waterloo Region Record
By Paige Desmond
BRESLAU — Toronto-based Penmore Holdings Inc. is taking over the remaining 46 years on the massive Millardair hangar lease at the Region of Waterloo International Airport.
Chartright Air Group will relocate its Canadian Augusta Helicopter Service Centre from Toronto's Pearson airport and upcoming helicopter maintenance repair operation to the region.
"There was interest by more than one party," said Rob Horne, commissioner of planning, housing and community services. "It's a vote of confidence in the regional economy … let alone the airport."
It's expected over time up to 40 jobs will come to the region.
Regional councillors voted Wednesday to approve the deal. Millardair owned the hangar but the region owns the land it's built on and had to give the OK for the sale to Penmore Holdings.
Officials said they were not sure how much revenue the new lease, fuelling and landing fees would bring in, but airport general manager Chris Wood said lease fees are about $47,000 more annually than the $19,000 Millardair was paying.
"It will be increased for sure," Wood said. ....
http://www.therecord.com/news-story/5537...ir-hangar/