SAN DIEGO — The San Diego County Regional Airport Authority has awarded a 37-year lease to Landmark Aviation to develop and operate a corporate and general aviation facility to provide fueling, maintenance and aircraft parking at San Diego International Airport.
The lease is expected to generate $315 million over 37 years for the airport authority, which is $4.5 million more in rent annually than is generated under the current lease, officials said. The award was approved Feb. 9.
The new $39 million facility will be built northwest of Landmark’s current fixed-base operation or FBO on the north side of the airport. It will include a 20,000-square-foot terminal, a 250,000-square-foot aircraft parking ramp and five hangars on 12.4 acres of airport property. Landmark plans to demolish its existing facility.
“The new FBO will provide the latest amenities to corporate and general aviation customers,” Thella F. Bowens, president and chief executive officer of the airport authority, said in a statement. “We have had a positive experience working with Landmark and look forward to many more years of partnering with them.”
Landmark Aviation, which operates 52 FBOs in the U.S., Canada and Europe, was picked from three finalists. In all, seven firms indicated an interest in the project when it was advertised in 2011, said Katie Jones, a spokeswoman for the airport authority.
Landmark has operated the FBO at Lindbergh for four years, since it acquired the lease from Jimsair Aviation Services, Jones said. The previous lease was in place since 1988.
“We have enjoyed working with the San Diego Airport Authority over the past four years, and are excited to continue that relationship,” Dan Bucaro, president and chief executive officer of Landmark Aviation, said in a release.
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