Hartford Business Journal

March 25, 2019

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www.HartfordBusiness.com • March 25, 2019 • Hartford Business Journal 7 Hartford-Brainard, Waterbury-Oxford and Groton-New London — to Av- PORTS as a cost-saving measure. "We don't have a specific timeline," Dillon said of CAA's discussions with AvPORTS. "We're interested in trying to reach an understanding with them as soon as possible." CAA and AvPORTS have agreed that 16 full-time unionized employees would, under any deal, remain in place. That had been a sticking point in the negotiations. Meantime, one of the airports that AvPORTS would manage under that deal, Groton-New London, could once again start offering commercial flights, Dillon said. The 489-acre airport is only about 65 miles away from Bradley, but given its proximity to businesses like Pfizer and Electric Boat, not to mention casinos and the Coast Guard Academy, Dillon sees opportunity in expanding Groton-New London's services to commercial flights. "We've done a fair amount of market research down there as to what destinations people are look- ing for, and what companies are likely to utilize at the airport," Dillon said. "It's a matter of convincing an airline to start operations at the airport." Additionally, CAA is looking into possible hotel development at Groton-New London, Dillon said. That airport is also among the four with advanced plans to develop air- plane hangars on-site. The other three, Hartford-Brainard, Windham and Wa- terbury-Oxford, already have signed term sheets with developers Hartford Jet Center, Windham Air Services and Atlantic Aviation, respectively. "At Hartford-Brainard, (there's) a heavy presence of privately owned aircraft," Dillon said. "But some of the hangar development that we're look- ing at along with Hartford Jet Center would give the potential to handle some smaller corporate jet aircraft." Hangar development facilities are usually constructed by third parties, which absorb the cost, Dillon said. Once they're up, CAA collects ground rent and fees associated with aircraft parking. The Waterbury-Oxford hangar development, if greenlighted, would be used by U.S. Customs and Border Pro- tection, Dillon said. That would make Waterbury-Oxford the only CAA air- port outside Bradley that can accept direct flights from foreign countries. In a recent interview, CAA Board Chairman Tony Sheridan cited the moves Dillon is making with develop- ment at both the regionals and Brad- ley when expressing his optimism for the year ahead for the authority. "I believe that growth will happen," Sheridan said. "There are a lot of excit- ing changes (coming)." Moving forward, identifying and pursuing opportunities for develop- ment will remain a key part of CAA's business strategy for its five smaller airports. While they might not have as much space as airports that have opened golf courses on their property, Dillon sees plenty of potential for uses of airport space for things like flight schools, restaurants, and aircraft re- pair and maintenance facilities. "At all of our airports — Bradley as well as the five general aviation air- ports — we do have developable prop- erty," Dillon said. "We're constantly out there marketing." Quality Construction + Butler Manufacturing = Repeat Customers www.borghesibuilding.com © 2011 BlueScope Buildings North America, Inc. All rights reserved. Butler Manufacturing™ is a division of BlueScope Buildings North America, Inc. 2155 East Main Street • Torrington, Connecticut 06790 Wittmann Battenfeld, Torrington, CT | 2000 | 37,000 sq. ft. 2006 | Addition — 14,400 sq. ft. 2013 | Addition — 18,900 sq. ft. Contact us at 860-482-7613 or visit us on the web. 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Interest on the Taxable General Obligation Bonds is included in the gross income for federal income taxes and is excluded from Connecticut taxable income.** Barclays 888.227.2275 Ramirez & Co., Inc. 855.289.2663 Citigroup 855.644.7252 Loop Capital Markets 888.294.8898 RBC Capital Markets 800.243.2478 The Williams Capital Group, L.P. 877.924.6864 Academy Securities 646.205.0249 Blaylock Van, LLC 877.591.7072 Drexel Hamilton, LLC 212.632.0402 Fidelity Capital Markets 800.544.5372 FTN Financial Capital Markets 800.934.8960 Janney Montgomery Scott 800.822.2014 KeyBanc Capital Markets Inc. 866.227.6479 Mesirow Financial, Inc. 212.530.7661 Mischler Financial Group, Inc. 800.820.0640 NW Capital Markets Inc. 201.526.2761 Oppenheimer & Co. 866.208.1368 Piper Jaffray & Co. 800.333.6000 PNC Capital Markets LLC 800.624.6450 Prager & Co., LLC 800.336.4020 Rice Financial Products Company 888.740.7423 Stern Brothers 314.743.4001 TD Securities 212.827.7172 An overview of Hartford- Brainard Airport. PHOTO | CONTRIBUTED Lindsey Rutka, co-owner of Hartford Jet Center, which is eyeing new hangar development at Hartford-Brainard Airport. PHOTO | HBJ FILE

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