Cutter Aviation will start work soon on a $1.75 million expansion and renovation project on its facility at New Mexico Albuquerque International Airport. Set to begin next month is a $250,000 modernization of its FBO terminal, including the refurnishing of the lobby, conference room and pilots’ lounge areas. The remaining $1.5 million will be used to construct a new 20,000-sq-ft hangar on property already under the company’s leasehold, capable of storing ultra-long-range business jets.