Yingling Aircraft, Inc. Airport Special Facility Revenue Bond Letter of Intent Request Office of Economic Development July 9, 2019
Yingling Aircraft 2 • Founded in 1964 for the sale of single-engine Cessna aircraft • Developed into fixed base operator providing fuel sales, aircraft sales and maintenance, parts sales and design and installation of aircraft interiors • Aerospace/Aviation industry • Located at Dwight D. Eisenhower National Airport
Yingling Aircraft 3 Eisenhower National Airport
Yingling Aircraft 4 • Proposes to acquire and renovate former Hawker Beechcraft services facility (50,000 sf) at Eisenhower National Airport (new HVAC, new transformer, demo office and install new office, replace leaking windows and doors, install ADA restrooms, new siding, new electrical, new asphalt parking lot) • Facility will be used for office, maintenance, painting, avionics and interior fabrication
Yingling Aircraft 5 • Request for Airport Special Facility Revenue Bonds LOI for $3,500,000 • Sales tax exemption only • 125 current employees (up from 101 in 2017 – projected 25 new jobs) • 25 new jobs; average annual wage $58,000
Yingling Aircraft 6 • CEDBR Cost/Benefit Analysis: Projected City of Wichita 7.92 to 1 City of Wichita – Gen Fund 3.96 to 1 City of Wichita – Debt Srv Fund NA Sedgwick County 7.92 to 1 USD 259 NA to 1 State of Kansas 18.02 to 1
Yingling Aircraft 7 • Recommendation: • It is recommended that the Wichita Airport Authority close the public hearing, adopt the Resolution of Intent and authorize the necessary signatures.
Yingling Aircraft, Inc. Airport Special Facility Revenue Bond Letter of Intent Request Office of Economic Development
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