Business View Magazine | Volume 8, Issue 11

258 BUSINESS VIEW MAGAZINE VOLUME 8, ISSUE 11 to diversify its non-aviation revenue streams. Currently, on the property, there’s a convenience store, movie theater, school bus parking lot, RV and boat storage, woody yard waste, as well as a cleanfill. While this diversification helps with cash flow, there are still many interesting aviation businesses on the field. Foster shares, “We have a hot air balloon in a hangar, another customer who assembles and sells high-performance aircraft on the field, as well as a charter business for private and medical transport.” With the airport attracting more attention by the day, it goes without saying that the team is currently in the midst of a few capital improvement projects. This year, Runway 8/26 underwent Phase I construction in a multi-year rehabilitation repaving project. Currently, this process is being split out in sections. Other future major upgrades include airport lighting 500,000+ Square-Feet of Over 8,000 room nights MEETING SPACE and DiscoverLancaster.com/Meetings Lancaster Airport is bursting at the seams, in regard to packed hangar space. Foster admits, “All of our businesses are doing so well that we have a corporate hangar waiting list that is about four to five clients deep. Currently we’re building one new hangar for FlyAdvanced, the Cirrus service center.” This new hangar will be the third one for FlyAdvanced, with the other two currently utilized for repair and maintenance on airplanes. After the completion of the newest hangar, the airport needs to complete another three to four more buildings for on-site tenants as well as companies desiring to relocate to Lancaster. When it comes to private, single engine planes, there’s a waiting list for 18-20 new T-hangar units in the airport. With so much pressure to create more space to accommodate new clients, the airport is blessed to have ample capacity to build these assets with about 800 acres of space. That space availability has allowed the airport