Million Air Awarded Lease at Calgary’s YYC Airport

Million Air is pleased to announce the completion of a multi-year lease agreement for the construction and development of a new fixed-based operator (FBO) complex at the Calgary International Airport (YYC). This will be Million Air’s third FBO in Canada, with existing locations in Toronto and Vancouver, and the 31st to the network.

Million Air will begin constructing the new $12 million facility in 2011 and is expected to complete phase one of the project in 2012.

“The new construction will include Million Air’s brand design standards,” said Terry Cross, chief operating officer for Million Air. “The FBO will feature trademark Million Air amenities such as theater room, complimentary beverage and snack bar located in the executive lobby and multimedia conference rooms.”

“Calgary plays a significant role in the growing global financial market,” said Mike Smith, Million Air Calgary principal. "Through our state of the art facility, we will offer Calgary a level of service befitting a world class city."

Phase one of the planned development is a 7,000-square-foot FBO and a 28,000-square-foot hangar on seven acres. Phase two will add six acres to the development and bring two additional 28,000-square-foot hangars all to be constructed at Calgary International Airport’s YYC Global Logistics Park.

“The YYC Global Logistics Park is a great opportunity for airport partners to be a part of Canada’s leading integrated, multimodal business park. YYC continues to be the national leader in developing platforms for businesses to develop, grow and thrive” said Stephan Poirier, vice president and chief commercial officer for The Calgary Airport Authority. “The addition of Million Air, a world class operator, solidifies our position as an important strategic passenger, cargo and business leader and keeps Calgary and Alberta’s economy moving forward.”