News & Updates

AFCO Selected to Develop New GSE Facility at Orlando International Airport

AFCO Development GSE AFCO has reached agreement to develop a ground support equipment (GSE) maintenance facility at Orlando International Airport. The 30-year ground lease between AFCO and the Greater Orlando Airport Authority offers an ideal site location for GSE operations, equipment staging and state-of-the-art maintenance facilities and equipment wash rack. Construction of the approximately 40,000…

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AFCO Purchases Hangar for FBO Operations at George Bush Intercontinental Airport, Houston, Texas

On March 30, 2005 AFCO purchased a hangar at George Bush Intercontinental Airport (IAH), Houston, Texas from Pennzoil-Quaker State Oil Company. Trajen Flight Support, L.P., an existing fixed-based operator (FBO) at IAH, will occupy and operate the hangar facility for the entire 15-year term of the ground lease. The hangar facility totals approximately 36,000 square…

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AFCO Acquires FBO Facilities at Peoria Regional Airport and Pekin Municipal Airport

AFCO, in a joint venture with Quantem FBO Services, LLC, has acquired the stock and real estate assets of Byerly Aviation, Inc. and Byerly Avionics Incorporated, a 60 plus-year old family-run business, which provided fixed-based operations services at Greater Peoria Regional Airport and Pekin Municipal Airport, Illinois. As part of the transaction, AFCO acquired the…

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AFCO Acquires Three Additional Cargo Facilities in Dayton, Ohio

AFCO has entered into a 15-year ground lease with the City of Dayton to provide management and leasing services for three existing cargo facilities totaling approximately 42,850 square feet at Dayton International Airport. The facilities include a 12,650 square-foot building at 10392-10398 Freight Drive, a 26,670 square-foot building at 10400 Freight Drive and a 3,528…

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AFCO Hires Chuck Stipancic as Chief Operating Officer

AFCO has appointed Charles “Chuck” Stipancic, Jr. to the newly created position of Chief Operating Officer.  He will direct AFCO’s Business Development; Design & Construction; Facilities; and Property Administration and Management. Stipancic comes to AFCO with an impressive background of 20 years in the aviation industry.  He spent 14 years with US Airways, most recently…

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AFCO-GHG Finalizes Development Deal In Luton, United Kingdom

GHG-AFCO, LLC, a joint venture formed between AFCO, Grosvenor House Group plc Aviation Division (GHG) and Harrow & Co. has finalized its first development project at London Luton Airport in the United Kingdom. The project was finalized on October 18th with the Luton-Burrow Council, owner of the Airport, and includes a 25-year ground lease for…

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AFCO Selected as Summeral Success Story

AFCO was selected by Pat Summerall Productions to highlight AFCO’s growth and achievements in the aviation facility development industry.  AFCO President and CEO, Frank Chambers, was interviewed and will appear in a video that will be shown February 5, 2003 on CNN’s Headline News Network sometime between 6:00 and 6:30 p.m. EST.  Chambers says, “I…

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