Tuesday, December 13, 2016
General Electric sells corporate hangar
STEWART AIRPORT – The General Electric corporate hangar at Stewart Airport has been sold to another tenant at the Newburgh area facility.
Atlantic Aviation, one of the two fixed base operators at the airport, bought the 100,000-square-foot hangar from GE, which moved its flight department to Boston when it relocated its headquarters from Fairfield, CT to Massachusetts.
Atlantic Aviation already owns an aircraft hangar at Stewart, which houses a number of corporate aircraft. That hangar was originally built by the W.R. Grace Company for its flight department. It was later sold to the Bruderhof to hangar that community’s aircraft and rent space for other planes.
The new facility includes 60,000 sf of heated hangar and 40,000 sf of shop and office space.
“This acquisition in Newburgh, NY is an excellent option for folks wishing to hangar aircraft in the New York area,” said Tim Bannon, vice president of the Northeast Region of Atlantic Aviation.
General Electric built the just-purchased Atlantic Aviation hangar along Route 17K in the Town of Newburgh, in 2008 when it moved its flight department from Westchester County Airport to Stewart in 2008.
Posted by Kathryn on 7:58:00 PM