19 March 2014
Macquarie Infrastructure Company (NYSE: MIC) said its Atlantic Aviation business has reached agreement with Los Angeles World Airports for the development of a 36,500 square foot general aviation hangar at Los Angeles International Airport.
Atlantic Aviation owns terminals and hangars, known as fixed base operations, at 63 airports throughout the US.
Work to build the USD7.8m development has commenced. When complete, the new facility will feature secure parking for four large-cabin general aviation jet aircraft plus approximately 5,300 square feet of office space.
Macquarie Infrastructure owns, operates and invests in a portfolio of infrastructure businesses providing basic services to customers in the United States. Its businesses consist of an airport services business, Atlantic Aviation, a gas processing and distribution business, Hawaii Gas, and a 50 percent interest in a bulk liquid terminals business, International-Matex Tank Terminals. Its website is at www.macquarie.com/mic.