News
AFCO is proud to announce we’ve been selected to plan and develop portions of on-airport property at Richmond International Airport (RIC). AFCO will lease and develop the 8.4-acre parcel, constructing facilities to support cargo transfer, logistics, or air cargo operations. “AFCO has an admirable track record for the development of aeronautical facilities, including its previous development…
Read MoreAFCO’s Executive Vice President and Chief Investment Officer Steve Forrer spoke as part of a panel on “Airport Challenges” at the 13th International Air Cargo Handling Logistics (ACHL) Digital Conference held in October 2021. In the session, Steve, along with Stephanie Wear of Philadelphia International Airport, Mammen Tharakan of Edmonton International Airport, and independent consultant and…
Read MoreDulles, Va., September 24, 2021—AFCO (under AFCO MRO CVG, LLC) recently closed on the purchase of a 106,000-SF Maintenance Repair and Overhaul Facility (MRO) at Cincinnati/Northern Kentucky International Airport (CVG). The new building, completed in 2020, is a single-tenant asset occupied by FEAM, the US MRO leader in aircraft line maintenance engineering. The facility is AFCO’s…
Read MoreTransaction Expands the AFCO Airport Real Estate Group Financing Vehicle Dulles, Va., July 12, 2021—An affiliate of Aviation Facilities Company Management, LLC (“AFCO”) recently closed on more than $19 million in financing for cargo facilities at Austin-Bergstrom International Airport (AUS), Bradley (Hartford) International Airport (BDL), Pittsburgh International Airport (PIT), and Richmond International Airport (RIC). The…
Read MoreAFCO is proud to announce our partnership with Philadelphia International Airport (PHL) on the redevelopment of Building C2, a key part of the airport’s cargo infrastructure and strategy. AFCO will work with PHL to drive immediate growth in cargo capacity by transitioning the entirety of the previously-multi use building to dedicated cargo operations. Our team will…
Read MoreAFCO is proud to have worked closely with the Allegheny County Airport Authority and our tenant Trego-Dugan Aviation to help bring Amazon’s Prime Air operations to Pittsburgh International Airport (PIT). Serving as one of Amazon’s select gateway facilities around the country—and as a logistics hub and warehouse distribution center for the e-commerce giant—solidifies PIT as a competitive and growing…
Read MoreAFCO has been selected by the Lehigh-Northampton Airport Authority (LNAA) Board of Governors to plan and develop portions of on-airport property at Lehigh Valley International Airport (ABE). ABE has been experiencing significant growth in their air cargo operations over the last several years; the partnership with AFCO will help the airport better serve its existing…
Read MoreAviation Facilities Company Management, LLC (“AFCO”) in a joint venture with American Triple I Partners (“ATI”) was selected to develop nearly 75 acres at Laredo International Airport (“LRD”). The group, composed of the on-airport facility developer, investor, and manager – AFCO, and New York-based infrastructure investment firm – ATI, anticipates developing a range of facilities…
Read MoreAirport management and development platforms, owned by fund managed by the Merchant Banking Division of Goldman Sachs, gearing up for new era in aviation with operations vet Boda on board as director Dulles, VA. – Aviation Facilities Company Management (“AFCO”) and Avports announced today that veteran airline senior executive Suzanne Boda has joined its board as…
Read MoreAFCO welcomes our newest tenant at the Richmond International Airport. Majestic Terminal Service , handling a major e-commerce company, will be leasing 41,000 sf of space for 5 years in our existing cargo facility. We look forward to working with Majestic as they continue to grow the cargo handling side of their business, and we’re pleased we were…
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