Friday, November 9, 2007

More City Help for Corporate Jet Owners

Ray Boudreaux, the city employee who is paid to be director of the Fayetteville airport serving people who have private planes, yesterday accepted a $600,000 check from state government, representing 50% of the costs of two new hangars for corporate customers. The grant from the state will be matched by the city of Fayetteville.

“Over the last five years, we have invested about $9,200,000 in this airport,” Boudreaux said. Of that amount, $4.2 million came from the federal government, $2.2 million came from state appropriations, and $2.8 million "came from the city.” This money, he said, makes it possible "to improve and provide service to the flying public.”

Although the airport operation is losing thousands of dollars each year by providing service below cost to corporations, it still has funds in reserve to cover the annual losses. Some in city government seem to think that improving the hangar facilities for corporate jets is a higher priority than spending for other city services that are facing $2.3 million in cuts. The City Council is considering a hiring freeze and delaying cost-of-living adjustments for lower paid employees, and the staff is considering additional program cuts in services.

To learn more about how the new corporate jet hangars can benefit you or your corporation and how to take advantage of this important service, click here.

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