The Reno-Tahoe Airport Authority Board of Trustees has approved a proposal by Million Air, a world renowned aviation service provider, to locate a new $20 million facility at Reno-Tahoe International Airport (RNO).
By a unanimous vote, the Board of Trustees has directed airport staff to complete negotiations with the FBO chain that operates 29 facilities at airports in the US, Canada and the Caribbean. An FBO (Fixed Base Operator) is an aviation business that provides services, including fuel, to aircraft customers. Million Air would begin offering services at existing facilities on the airfield while completing a two-phase, $20 million investment at RNO.
Phase One would include the construction of a new $10 million FBO facility at the corner of Rock Boulevard and Mill Street that would be completed in late 2012. Phase Two would add another $10 million in investment to the FBO complex by 2017. The estimated five-year economic impact of the project is $57 million for the region.
“Reno-Tahoe International is proud to work with Million Air to complete a lease that will bring more than $2.2 million in local tax revenue to our region in the next five years and more than $900,000 in tax revenues to the state,” said Krys Bart, President/CEO of the Reno-Tahoe Airport Authority. “But Million Air is about more than dollars. They are truly committed to offering an engine aircraft to corporate jets.” The Million Air proposal was approved following an RFP process that began in April, 2010. Texas-based Million Air has more than 1,500 employees worldwide.
“Million Air is looking forward to building a strong partnership in Reno while making that important first and last impression on customers as they come and go from the region,” Roger Woolsey, Million Air CEO, said. “We look forward to serving all facets of the aviation community and setting a standard for service in a region where hospitality is part of the culture.”