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Aeroplex/Aerolease Group Commences 3-Acre, $ 7.5 Million Development Project

29 Sep 2016 3:46 PM | Anonymous

On July 1, Aeroplex/Aerolease Group broke ground on a $7.5 million, 3-acre development project at VNY featuring exclusive hangar, office, shop and private terminal areas. The new facility will complement the company’s adjacent 6-acre leasehold that was developed in 2008 as a private aviation center.

Encompassing 123,162 square feet, the development improvements will include: 

  • 38,000 square feet of hangar space to accommodate a full range of business aircraft, turbo-props and executive jets
  • 8,500 square feet of shop, office and terminal space with luxurious conference, kitchen and lounge facilities that can be fully customized and have the latest security systems
  • Over 55,000 square feet of new aircraft ramp and staging areas
  • A private, gated and secure area to accommodate over 45 vehicles

“Aeroplex/Aerolease Group is proud to serve as one of Van Nuys Airport’s longest-standing tenants and a vital contributor to the local economy,” said company CEO Curt Castagna. “This new development will not only create approximately 100 high-skilled jobs, but continue our 40-year history of serving business aviation’s diverse needs.”

Scheduled for completion in March 2017, the development honors the legacy of the late Milton A. Widelitz, who founded Aeroplex/Aerolease Group in 1977 and helped form the non-profit Van Nuys Airport Association in 1982. He was a strong supporter of preserving airport jobs and businesses, as well providing educational opportunities for future aviation professionals. 

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