Wednesday, August 19, 2015

More Evidence of Anticipated Airport Growth

The Williamson County Sun(http://www.wilcosun.com/) has an in-depth article today by the new business editor, Matt Loeschman, describing the new fixed base operator(GTU Jet) at the Georgetown Airport.  They are fully committed to growing their business to take advantage of the population growth in and around Georgetown.  They report that "Every day, we are adding more amenities and services".

The business occupies six buildings, including multiple large hangars and 21 T-hangers that are fully occupied.  They are marketing their services and office space adjacent to two of the large hangers with the objective of growing the business.

Once the existing office and hangar space is filled, the company(GTU Jet) will be asking the city for authorization to construct more hangars, parking aprons and taxiways to accommodate more and larger aircraft.  The strengthening of the main runway will provide GTU Jet with the opportunity to attract jet airplanes in the 60,000 pound to 70,000 pound weight class.

The company thinks there are ample opportunities for growth at the airport and have said that "Georgetown is attractive to investors across the nation".  This means they believe that there will be funding available from investors across the country to expand the facilities and services at the airport.

It should be observed that the segment of business they are likely to focus on for growth, is the business jet or turboprop aircraft. The piston powered aircraft are smaller, use less fuel and other services and are used by local recreational fliers, and thus are less profitable for a fixed base operator.

People living near the airport can expect to see more and larger jet aircraft as GTU Jet expands their business.

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