The St. Christopher Air & Sea Port Authority (SCASPA) has partnered with Veling Limited to build a private jet fixed base of operations (FBO), set to be constructed on the southeast corner of St. Kitts’ Robert L. Bradshaw International Airport.
The estimated $20 million project will be constructed in two phases over the next 10 years. Contracts will be awarded in October this year, with construction commencing February 2011. Completion of the first phase is expected by winter 2012.
The architectural design of the FBO will reflect that of the Caribbean culture, while the interior will offer ultra-modern facilities and first-class services.
SCASPA is a statutory corporation formed by the Government of St. Kitts & Nevis in 1993. The Authority provides the gateway to St. Kitts, operating the Port Zante Cruise Ship Terminal, the Robert Llewellyn Bradshaw International Airport, the Basseterre Deep Water (Cargo) Port and Ferry Dock. The network creates a stimulus for international trade, tourism, and long-term economic expansion, to ultimately boost the Caribbean nation’s development.
Veling Ltd. is engaged principally in Aircraft Leasing and Sales. According to company information, it has concluded over 20 transactions successfully including aircraft Sales and Leases of both narrow and wide bodies aircraft worldwide, with a combined 150 man years experience in the Aviation, Finance and Legal sector, and was rated in the Top 40 Aircraft Lessors Worldwide (Airline Business Feb 09).
Read Attorney G.A. Dwyer Astaphan’s assessment of the SCASPA-Veling deal structure here. The Muffin Post does not condone the independent commentary of the author.