Valparaiso-based Sage-Popovich signs 10-year hangar lease at Gary/Chicago International Airport • Northwest Indiana Business Magazine
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Valparaiso-based Sage-Popovich signs 10-year hangar lease at Gary/Chicago International Airport

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Gary AirportSage-Popovich, a specialist in recovery of aviation related equipment, signed a 10-year lease to occupy the Gary/Chicago International Airport‘s new East Corporate Hangar.

The airport authority board approved the lease with the Valparaiso-based firm Nov. 13. Construction of the nearly 25,000-square-foot hangar was approved in March.

“Sage-Popovich has operated out of the airport for more than two decades,” said Tim Fesko, airport board chairman. “The airport board is pleased to enter into this direct, long-term lease with the company to occupy our new East Corporate Hangar for the next decade and hopefully beyond.”

The lease includes two, five-year extension options. Construction of the new hangar began this summer and is expected to be completed during the first quarter of 2019.

“The entire Sage-Popovich flight department is thrilled to enter this new phase of our expansion with a new home at the Gary/Chicago International Airport,” said Nick Popovich, president of Sage-Popovich.  “It has been amazing to see the growth of the airport over the past two decades and we are happy to be just a small part of that amazing transformation. We are looking forward to continuing the long-standing relationship with the airport and the two FBOs on the field.”

The addition of a new East Corporate Hangar is the latest investment and major service enhancement in a series of capital improvements at the airport.

Since GYY extended its main runway in 2014 to 8,859 feet, the airport has experienced an increase in operations and usage by larger, heavier aircraft traveling to destinations further away. Gary airport officials said operations are up by more than 15 percent, fuel revenue is up 82 percent, and revenue from landing fees is up by more than 140 percent.

In October, the airport opened a new U.S. Customs and Border Patrol Facility, which allows airport users to fly directly into Gary from anywhere in the world without having to clear customs elsewhere.


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