Pensacola, VT MAE sign lease

PENSACOLA, Fla. – The city of Pensacola signed a lease today with VT Mobile Aerospace Engineering to establish a 300-employee maintenance, repair and overhaul facility at Pensacola International Airport. The city council approved the lease at a special meeting before the signing ceremony. "This partnership aligns well with our regional goals to create a robust aerospace cluster and will help create greater business and job opportunities for the citizens of Pensacola and Escambia County," said Mayor Ashton Hayward. The city will build an aircraft hangar complex on 18.66 acres and lease it to VT MAE for 30 years. The complex will be big enough for two wide-body aircraft and is expected to be ready for operations in mid-2016. VT MAE, a subsidiary of Singapore's ST Engineering, was previously known as ST Mobile Aerospace. It has a 1,000-employee MRO, nine hangar complex at Alabama's Mobile Aeroplex Brookley, which is also the home of several other aerospace companies. The Aeroplex is where Airbus Americas is building a $600 million A320 final assembly line that will open next year. (Source: GCAC, 09/09/14) Previous: PNS getting ST Aerospace; ST Aerospace decision close