![]() ![]() ![]() "That's a number that must surely capture the attention of the owner sitting in the back."Ĭompleted in 20 as the real estate boom peaked and then collapsed, Jet Ranch ended up in bankruptcy court as its developer, KCXP Investments LLC of Dayton, reorganized under Chapter 11 protection.Īt the time of its filing, KCXP Investments listed $12.6 million in assets, mostly tied up in the Jet Ranch hangars.įor that amount of money, KCXP didn't build any ordinary hangars. ![]() "That's the magic that makes this whole thing work," says Lewis, who also is president of Sterling Air Ltd, an aircraft sales and training company at the Carson City Airport. Jet fuel was selling for $5.25 a gallon at Carson City Airport last week, compared with $6.29 a gallon at a fixed-base operator at Reno-Tahoe International Airport.įor the owner of a Gulfstream jet that burns close to 500 gallons an hour, that amounts to a difference of more than $500 an hour or more than $213,000 a year for the average Gulfstream that's in the air 410 hours annually. Steve Lewis thinks big events a new freeway, an ongoing shift in demographics and changes at the major airport in Reno will get the Jet Ranch hangar project at Carson City Airport back on track.īut in the short term, Lewis says, the corporate project has an even stronger selling point aviation fuel prices that are more than 15 percent lower than those in Reno.Īnd he's hoping that's enough to get the attention of even the wealthiest owner of a private jet. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |