Yingling Aircraft, Inc. Airport Special Facility Revenue Bond - - PowerPoint PPT Presentation

Yingling Aircraft, Inc. Airport Special Facility Revenue Bond Letter of Intent Request

Office of Economic Development July 9, 2019

Yingling Aircraft

• 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

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Yingling Aircraft

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Eisenhower National Airport

Yingling Aircraft

• Proposes to acquire and renovate former Hawker Beechcraft services facility

(50,000 sf) at Eisenhower National Airport (new HVAC, new transformer, demo

• ffice 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

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Yingling Aircraft

• 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

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Yingling Aircraft

• CEDBR Cost/Benefit Analysis:

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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

• Recommendation:
• It is recommended that the Wichita Airport Authority

close the public hearing, adopt the Resolution of Intent and authorize the necessary signatures.

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Office of Economic Development

Yingling Aircraft, Inc. Airport Special Facility Revenue Bond Letter of Intent Request