Thursday, October 27, 2011

Executive AirShare planning operations, maintenance base at Jabara Airport - Wichita Business Journal:

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Victor White, director of airports for the WichitaAirport Authority, says informationj presented to the city's Airport Advisory Boardr indicates that needs three acres of land in the southwestf corner of Jabara. White expects a finao lease agreement to be worked out withim two orthree months. It wouldx be the first tenant withina 20-acre tractt where the airport authority spengt $665,000 extending streets plus water and sewer lines. Executivre AirShare is currently headquartered atKansas City'se .
"I would just tell you that we haven't signed anything so we're just reluctanr to talk about it until we have an agreement with the saysBob Taylor, Executive AirShare's presidentf and CEO. The company has four operationes bases: Kansas City, Tulsa, Fort Worth and 12,00 square feet of office and hangar spacesat . The Wichita office handlese flight schedules forthe company's fleet of 12 busines s aircraft along with a maintenance operation. The leased space is insidd 's 50,000-square-foot aircraft service known asa fixed-base operator Eaglejet bought the FBO's assets in 2006 from as it was evolvin g into Executive AirShare.
The move "woule allow us to expand a little. We're full, says Jamie Pegg, Eaglejet's president and CEO. "It will alloa me to start wooingother customers." Executive AirShare sells partial ownershipp in business aircraft with the promise the airplane will be availabl e on the customer's schedule. The fleet includea two Beechjet 400As, four Beechcraft King Air 305s, five King Air C90Bes and one Beechcraft The company has clientsin Wichita, Taylo says, along with the othed three cities that have operations bases. He declined to providse a specific number. Moving to Jabarqa would be more convenient forthose customers, Taylorr says.
It creates a new fuel-sales customerd for Midwest Corporate Aviation, Jabara's FBO, but also a potential "If somebody gives up charter (service) and goes to fractionalk operation it doesimpact us," says Bob MCA's president. "Charter is still the cheapedr way to goversus fractional, but the one thing we can' offer that the fractionale can is a guarantee that you'll have the airplanse when you want it." MCA has been conductinvg a direct mail campaign to Wichitw businesses in an effort to build businesss for its aircraft charter service. Businessesx that locate on Wichita Airport Authority propertyu are responsible for payingconstruction costs.
The airport authority retains ownership of the land and the completed structurex with the business makinglease payments. Executive AirSharwe and the airport authority have been workinfg on the project for morethan year, White Last fall, streets and utilities were extendeed into the southwest corner at Jabara to make the land readyg for development. "This is the first tenanf to go into itand we're real excitede about it," White says. "It's going to open up that wholew area. We're negotiating with some otheer folks. Nothing concrete yet." Executive Airshare Corp. Charles B. Wheeler Downtown Airport, 150 Richards Road, Suite 150, Kansad City, Mo., 64116.
Telephone: (816) 221-7200. Top Bob Taylor, president and CEO. Web site: .

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