[Archive Home][Date Prev][Date Next][Thread Prev][Thread Next][Date Index][Thread Index]

         

"Wisconsin county explores new loan sources for airport FBO"



Wednesday, December 12, 2001

County explores new loan sources for airport FBO 
By Alex Hummel 
The Northwestern (WI)


Winnebago County will try some creative fund raising to put together a
loan "package" for a jet airplane charter company proposing to locate at
Wittman Regional Airport. 

Officials might even go to the dump. 

The county's finance and airport directors, corporation counsel and
Industrial Development Board coordinator will turn to a landfill
industrial development fund in ad-dition to an IDB coffer to pool a $1.9
million loan. 

No new taxpayer funds will be tapped. 

The loan package would benefit Orion Flight Services, a Sturgeon
Bay-based company proposing a $1.9 million hangar and office building
next to Wittman's 20th Ave-nue terminal in Oshkosh. 

The fixed-base operation, or FBO, would provide an in-tegral fueling and
aircraft maintenance service at the air-port, said Mark Nielsen,
chairman of the county's Avia-tion Committee. 

"Right now, our tenants are asking for these services and they are not
being provided," Nielsen said. "I guess if Oshkosh is going to be the
'Mecca' of general aviation, we want to have a state-of-the-art
facility." 

The IDB yanked two action items from its agenda Tuesday, seeking to
modify rules allowing a loan to Chamco Inc., the city of Oshkosh's
industrial development agency. 

Chamco was planning on building the FBO facility for Orion and
overseeing payback of the loan. 

However, the IDB, which typically gives money to communities like Omro
or Winneconne for marketing campaigns for industrial development park
projects, can't give money to any non-taxing authorities. 

Nielsen said the county instead will turn to its solid waste management
board and the IDB for the loan and, itself, construct Orion's building. 

The county would be the guarantor of the loan and would take over
Orion's facility should the company default. 

Orion has yet to consider the particulars of the new deal. 

A "lease-to-own" structure still is being worked out, Nielsen said. The
county also would get income from the leasing of the airport land to
Orion. 

Aside from aircraft charters, the company proposes to establish an air
ambulance, aerial sight-seeing and possibly flight school service at
Wittman. 

The airport long has looked for another FBO. Basler Flight Service
currently operates at the airport.


*****************************************
California Aviation Alliance: Aviation Business List E-mail Commands
To subscribe to the Aviation Business List, send an email, from the email 
account you wish to receive your posts on, addressed to 
imailsrv@xxxxxxxxxxxxxxxxxxxxxx and place the following in the first line of 
the body of the message:
 Subscribe avbiz YourFirstName YourLastName YourJobTitle YourAirport/Company 

To unsubscribe from the Aviation Business List, send an email, from the email 
account you have been receiving your posts on, addressed to 
imailsrv@xxxxxxxxxxxxxxxxxxxxxx and place only the following in the first line 
of the body of the message:
 Unsubscribe avbiz YourFirstName YourLastName

Contact stepheni@xxxxxxxxx if you have questions.


Current CAA news channel: