Salina Airport authorises sale of bonds
Airport expects to raise US$14 million for projects
The Salina
Airport Authority board of directors have approved a resolution authorising the
sale of US$14 million of bonds at a board meeting recently.
The bond issue
will provide long term financing for more than US$1.5 million of authorised new
projects and US$11.8 million in ongoing projects previously funded by temporary
notes.
New
projects include upgrading Taxiway G and hangar 959 nicknamed ‘Big Betha’, apron
which will make the area useable for a new tenant after Hawker Beechcraft
vacate the building.
The Airport
Authority will finance around US$0.8 million towards the construction of a new
aircraft rescue and fire-fighting station. The airport funds will be matched by
an FAA grant.
Site
improvements will be made around the airport including the relocation of a
water main on Vortex Road,
so that a 17 acre site can be prepared for redevelopment.Currently, Salina Airport
handles around 7,000 business jet movements a year and around 80,000 total
movements annually.
