The Igor I. Sikorsky Memorial Airport, owned by the city of Bridgeport, but located in Stratford, Connecticut, is undergoing its first major upgrade in decades to improve services provided to privately-owned and corporate aircraft. A team of our attorneys represented Aircraft Facilities Group LLC (AFG), a private aviation service, in its successful bid to become the prime redeveloper/operator for the airport’s main terminal location. We assisted AFG in obtaining the necessary land use approvals from the FAA, state of Connecticut and town of Stratford, and in procuring tax-exempt bond financing issued by the Connecticut Development Authority. This investment in modernizing the airport is hoped to be a catalyst for new business development in the surrounding region.
The first phase of the redevelopment includes a state-of-the-art aircraft hangar, office and fixed based operations facility that will replace the 1970s-era airport terminal, as well as new offices for airport management and a new façade for the FAA airport control tower. Most of the first phase will be leased to Volo Aviation, LLC. Volo will conduct fixed-base operations, consisting primarily of providing business terminal and flight services, fuel, hangar space, de-icing, aircraft maintenance and ancillary services, or other aviation‑related businesses.