Dassault Falcon and Little Rock agree to lease extension

The Little Rock National
Airport and Dassault
Falcon Jet Corporation announced an amended lease agreement effective through at
least 2040 with an additional 10-year option at the end of 2040.

Under the new lease, Dassault will gain use of additional land and facilities
at the airport for its operations. Dassault is one of the largest employers in Arkansas.

“We are happy to announce the extension of our agreement with Dassault Falcon
Jet here at the Little Rock
National Airport,”
said airport executive director Ron Mathieu. “This is a great accomplishment
for Little Rock National
Airport, the City of Little
Rock and Central Arkansas. I would
like to thank the Commission for their vision and leadership during the lease
negotiation process, and staff for their hard work and dedication. I would also
like to thank Dassault for being a good corporate partner and their commitment
to Arkansas.”

“We are pleased to continue our 30-year relationship with Little Rock National
Airport, the City of Little Rock and the State of Arkansas,” said Jeff Griffin,
vice president of finance for Dassault Falcon Jet. “I commend the Airport
Commissioners and staff as well as local leaders in Little Rock for continuing this partnership
that has created good paying jobs for this area.”

“I am very pleased that all our hard work and discussions with Dassault
Falcon Jet, both here and in France, have paid off ensuring the continuation
and future expansion of one of Little Rock’s most important industries,” Little
Rock Mayor Mark Stodola said.

“I am very proud of our staff for working diligently over the last two years to
secure this extension that will save jobs and also add good paying jobs in Little Rock in the future.
I am also proud of the leadership that was provided by Governor Beebe and Mayor
Stodola in helping to make today’s announcement a reality. This announcement
along with our current terminal expansion project are clear examples of the
economic impact and benefit of the airport to the City of Little Rock and the State.” said Virgil
Miller, chairman of the Little Rock Airport Commission.

Under the new agreement, Dassault will lease more than four million square feet
of land and 900,000 square feet of total hangar and office space.

“This announcement once again proves that LIT is a job creation engine for Little Rock and the
entire state,” said Little Rock Regional Chamber of Commerce president Jay
Chesshir. “State, City and Little Rock
National Airport
officials have worked closely with Dassault leaders in Little
Rock and in France
to ensure that we keep these jobs right here at our airport.”