MD Helicopter moves to renegotiate land leases | Aviation International News

MD Helicopter moves to renegotiate land leases

MD Helicopters has requested a concessionary renegotiation of the land leases for its main plant and offices at Falcon Field in Mesa, Ariz.

By Mark Huber • Contributor

September 27, 2007

MD Helicopters has requested a concessionary renegotiation of the land leases for its main plant and offices at Falcon Field in Mesa, Ariz. The company made the petition to the City of Mesa in July after the rent on most of its 46-acre site automatically doubled during the last year under terms of the leases, first signed in 1983 when the company was known as Hughes Helicopters. As presently drafted, the new leases are scheduled to expire in 2033. MD leases three parcels–each covered by separate lease agreements–at Falcon.

The City of Mesa owns Falcon Field. Airport director Corrine Nystrom is handling the lease negotiations on behalf of the city and told AIN, “MD is an important tenant and important to the City of Mesa. Both parties need to look at the situation realistically and make it work.”

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