Could Mean Peace Of Mind After Hefty Investment

Congressman Steve Pearce (R-NM), introduced legislation Tuesday that would guarantee long-term leases for individuals and businesses wishing to build hangar facilities at an airport. The bill would require a minimum lease of 75 years for those seeking to build a hangar at an airport. The legislation would also require the airport to compensate the lessee of a hangar in the event that the airport’s development plan requires the hangar to be destroyed or moved. Pearce introduced similar legislation in the 108th Congress.

"We are very pleased Congressman Pearce has decided to continue the fight for fair leases for the users of America’s airports," National Air Transportation Association (NATA) president James K. Coyne stated. "With the increasing trend of publicly supported airports seeking to provide aviation services at the expense of private enterprise, Congressman Pearce’s legislation provides an opportunity for businesses to operate in a much more stable environment.

"The legislation also provides the incentive for aviation businesses to improve service to their customers by upgrading their facilities," Coyne explained. "Businesses will be able to make capital enhancements to their facilities with the security that they will have the ability to operate at the airport long enough to see a return on their investment."

Congressman Pearce’s legislation has been referred to the House Committee on Transportation and Infrastructure, where it awaits consideration.

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