For Full Story: Tampa Bay Business Journal
Article By: Veronica Brezina-Smith
United Airlines Inc. is seeking to develop a new maintenance facility on the airport’s property.
The airline, which has 277 weekly operations from Tampa International Airport, is proposing to lease 9.5 acres east of the airfield for construction of a two-bay maintenance hangar and apron to accommodate 737 aircraft used in United’s operations, according to a Feb. 14 meeting agenda item.
Tampa International Airport confirmed the information.
United (NASDAQ: UAL) stated it would invest $33 million for construction of the hangar on the southwest corner of Martin Luther King and Westshore boulevards.
The agreement, if approved, would last 20 years with two, five-year renewal options.
Ground rent for the first year would be roughly $300,000.
United has also agreed to finance the site work, which the airport authority would typically cover, in return for the rent credit not to exceed $1.24 million, according to the document.
United Airlines is one of the larger airlines at the airport with seeing 2,174,107 passengers in and out of Tampa in 2018, which represents a 10.21 percent market share at the airport.
It recently announced it will increase its nonstop Tampa to San Francisco service from one flight a day to twice daily service beginning June 6.