SAN JOSE, CA – The San José City Council voted to grant delegated authority to Mineta San José International Airport (SJC) staff to finalize negotiations and execute a 50-year lease for Signature Flight Support, a subsidiary of BBA Aviation and a global leader in corporate aviation, to build and operate a private development on 29 acres on the Airport’s West Side.
Signature will service, most notably, the personal aircraft of the principals at Google, as well as other clients in the Silicon Valley business community.
The approval paves the way for Signature to construct a full-service, world-class fixed base operation (FBO) to support based and itinerant corporate and general aviation aircraft operations at Silicon Valley’s Airport. See renderings here.
Signature’s development at SJC is in partnership with Blue City Holdings, San Jose, LLC, a corporation representing the personal aircraft of the principals at Google, headquartered in Mountain View, Calif.
The total investment by the partnership is approximately $82 million in developing over 270,000 square feet of LEED Gold-certified facilities on approximately 29 acres with facility and service components containing:
– an executive terminal;
– hangars;
– ramp space accommodating large business jets (such as the Boeing Business Jet (BBJ 737) and
Boeing B767; and
– aircraft servicing facilities.
Signature’s facility offers major economic benefits to SJC and the Silicon Valley region:
– $2.6 million in annual rent to the Airport;
– A minimum annual guarantee of $400,000 in annual fuel flowage fee revenues to the Airport;
– A minimum annual tax generation guarantee of $70,000 (first year) to $300,000 (year 5 and
beyond);
– 150 to 200 on-Airport and regional construction jobs;
– 36 permanent on-Airport jobs; and
– 370 direct and indirect jobs generated.
Signature plans to begin construction in fall 2013.
