Tweed New Haven announces expansion including new airline, Avelo Airlines. Not sure why but WTNH interviewed Dan Haar on it.
Press release:
https://thenewhvn.com/wp-content/uploads/2021/05/New-HVN-Press-Release.pdfTweed New Haven Airport Authority and Avports LLC Agreement:
https://thenewhvn.com/wp-content/uploads/2021/05/New-HVN-Summary-of-Term-Sheet-and-LOI.pdfTweed to announce expansion, existing operator agrees to build new terminalhttps://www.wtnh.com/news/connecticut/new-haven/tweed-to-announce-expansion-new-airline-as-new-company-takes-over-operations-of-airport/Tweed New Haven Airport is expected to announce later Thursday that it has signed a Letter of Intent with Avports.
The company wants to take over operations and management of the airport, as an independent contractor. They would also bring in a new airline and jobs.
The new airline is Avelo Airlines. Avelo is the nation’s first new mainline airline in nearly 15 years. The carrier will make Tweed New Haven its first East Coast base.
News 8 has learned the deal with Avports will include:
An investment of $60-million in the community.
A portion of that money will go toward improvements to the existing west terminal.
And construction of a NEW east terminal.
According to an economic impact study commissioned by Avports, the expansion could create up to 11,000 jobs and could generate $47 million in state and local taxes over time.
Three large (737-700) Avelo aircraft will be parked at Tweed. More than 100 crew members including; pilots, flight attendants, technicians and customer support personnel, will be hired. Most will be hired locally.
Starting this summer, Avelo will begin operations at Tweed with nonstop scheduled service to a number of popular destinations.
Part of the proposed improvements include extending the existing runway to allow for more direct flights. That expansion is in line with the Airport’s recently updated Master Plan.
Runway expansion has been controversial in years past. It will take several years to receive approvals for and to develop the runway extension and new terminal. Access to the new terminal will be from Hemingway Avenue in East Haven.
The new lease contract would last for the next 43 years. After the lease expires the airport will be given back to the Tweed New Haven Airport Authority.
The City of New Haven and the State of Connecticut subsidize Tweed’s operations. Every year an estimated $1.8 million is given to the Authority. Total funding is more than $30 million over the last 20 years.
The lease agreement also calls for Avports to pay rent and share a portion of revenue to the Tweed Airport Authority. Environmental Assessments and FAA approvals will be needed.
The agreement will include a number of protections to ensure that Avports operates the Airport as a good neighbor.
In addition to abiding by the local noise ordinances, Avports will implement requirements from an updated noise study within 5 years of FAA approval. And will invest up to $1.75 million in additional noise mitigation programs.
Avports will also fund environmental and traffic mitigation, with total community investments of approximately $5 million.