June 18, 2008
Lux Air Signs Lease With Yuma County Airport Authority
Lux Air Jet Centers signed a new lease with the Yuma County Airport Authority which will result in a multi-million dollar investment for Yuma's flying community.
"This is the first step in our effort to provide an entirely new level of customer service and support to Yuma's general aviation community," stated Rightpath Limited Development Group partner Robert Banovac. "During the next few months we will start the construction of a brand new fixed base operation which will house a magnificent general aviation air terminal."
The new 36,000 square foot Lux Air facility will open in 2009 and will be located adjacent to the Yuma air traffic control tower. Phase 1 of the expansion has begun with the recent completion of a new fuel farm and acquisition of additional fueling equipment. The construction will also include three new aircraft hangars at Yuma International Airport.
"We are very pleased to partner with the Yuma County Airport Authority," said Rightpath partner Danny Hendon. "With this new facility, we can better serve the general aviation community, the military and the airline industry for many years to come."
"The new lease is the final step in the transition from the Sun Western Flyers name to our newer brand Lux Air Jet Center," said Rightpath partner Rick Burton. "Sun Western Flyers has been an integral part of Yuma's aviation industry for over 30 years."
The law firm of Sheppard, Mullin, Richter & Hampton, LLP, a full service international law firm of over 500 attorneys, represented Lux Air and Rightpath Limited Development Group in the transaction.
Yuma International Airport is the home to Marine Corps Air Station (MCAS) Yuma, which specializes in air-to-ground aviation training for US and NATO forces. The airport also serves the nearby 1,300 square mile Yuma Proving Grounds (YPG) utilized by the Department of Defense for testing the latest state-of-the-art weapons and support systems for the United States and its Allies. As an integral part of our national defense program, Yuma expects to welcome the first Joint Strike Fighter deployment in 2012.
About Rightpath Limited Development Group
Rightpath Limited Development Group, with headquarters in Scottsdale, Arizona, is a privately held investment and development company with primary concentration on aviation, commercial retail and residential communities. Rightpath partners, Danny Hendon, Robert Banovac, Rick Burton and their related entities have developed projects throughout the Southwest valued in excess of $3 billion.
About Lux Air Jet Centers and Sun Western Flyers
Lux Air Jet Centers ("Lux Air") and Sun Western Flyers ("Sun Western") are aviation companies owned and operated by Rightpath Limited Development Group. Collectively, the companies operate a chain of fixed based operations (FBOs) and hangar developments throughout the Southwest. Current expansion includes a private air terminal and hangar development at the Las Vegas-McCarran Airport following a high profile public auction conducted by the Clark County Commission in December 2007. The company successfully outbid several formidable competitors including Venetian-Palazzo/Las Vegas Sands Corporation (Sheldon Adelson), Wynn Las Vegas (Steve Wynn) and Marnell Corraro Associates (Tony Marnell) for the rights to develop the prized 13.09 acre parcel at one of the busiest airports in the world.