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AEROPLEX/AEROLEASE GROUP COMMENCES

3-ACRE, $ 7.5 MILLION DEVELOPMENT PROJECT AT VAN NUYS AIRPORT

 (Van Nuys, Calif. – Aug. 4, 2016) Aeroplex/Aerolease Group—a leading aviation property development, management and consulting firm—broke ground July 1, 2016 on a $7.5 million, 3-acre development project at Los Angeles’ Van Nuys Airport 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 one of Southern California’s premier private aviation centers.

Encompassing 123,162 square feet, the expansion 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/secure and exclusive parking lot 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 President and CEO Curt Castagna. “Our new development will not only create approximately 100 high-skilled jobs, but continue our company’s 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.

For more information, contact aerolease@aeroplex.net or (562) 981-2659.

About Aeroplex/Aerolease Group

Aeroplex/Aerolease Group is an aviation property management and consulting company with three of Southern California’s most prestigious leaseholds at the Van Nuys and Long Beach Airports. Its services include aviation and industrial facility design, construction and business development, lease negotiation and management, airport consulting and contract management, and community and governmental affairs. For more information, visit www.aeroplex.net.

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Media Contact:

Cindy Goodfellow

Aeroplex/Aerolease Group

(562) 981-2659 or goodfellow@aeroplex.net