Cutter Aviation has embarked on a $1.75 million expansion and renovation project on its facility at New Mexico’s Albuquerque International Airport (ABQ). The $250,000 modernization of its FBO terminal includes the refurnishing of the lobby, conference room and pilots’ lounge areas. The FBO is home to approximately 50 airplanes, nearly half of them turbine-powered, and its 75,000 sq ft of hangar space has been filled to capacity for the past several years, according to company president Will Cutter.
Albuquerque, New Mexico
Local 794 of the International Association of Machinists and Aerospace Workers (IAM&AW) in Albuquerque, N.M., is working with state and local leaders to put together an economic incentive package to avoid closure of the GE Aviation facility in the third quarter of next year.
On Tuesday morning at Albuquerque International Airport, Mason Holland and Michael Press were joined by Albuquerque mayor Martin Chávez to celebrate the reopening of formerly bankrupt Eclipse Aviation.
With all 173 Eclipse Aviation employees now figuratively under one roof at Sunport International Airport in Albuquerque, N.M., the company expects to begin assembly this month of its first flight-test airplane in preparation for the model’s initial flight next July.
The City Council of Albuquerque, N.M., has approved a $45 million industrial revenue bond package to help Eclipse Aviation deliver on its Eclipse 500 very light twinjet. The Associated Press reported that the deal will give Eclipse a property tax abatement worth more than $777,000 over 10 years.
Englewood, Colo.-based Aviation Technology Group announced last month it had selected Albuquerque, N.M., as the manufacturing site for the two-seat, Williams FJ33-powered Javelin. The selection followed the approval by the New Mexico Investment Council of a “significant investment” in ATG at a meeting on January 20. The state’s Private Equity Committee had earlier recommended the investment to the council.
There are signs of life at Utilicraft Aerospace, which now trades on the stock market as symbol UITA on the Over The Counter Bulletin Board. Utilicraft also announced plans to build a new facility at Double Eagle II Airport in Albuquerque, N.M. Early last month the company signed a letter of intent for construction of a 55,000-sq-ft facility where it will build the twin-engine FF-1080-300ER.
Eclipse Aviation of Albuquerque, N.M., increased the price of its Eclipse 500 very light twinjet to $1.295 million (in 2000 dollars), a jump of $120,000 over the previous tag. The new price is still less than that of any of the other very light twinjets under development.
Cutter Aviation, headquartered in Albuquerque, N.M., added its eighth FBO with the August 11 purchase of the former Colorado Aviation at Colorado Springs Airport. The facility is currently undergoing renovation and might be expanded as business develops.