Castle & Cooke’s FBO at Seattle-area Snohomish County Airport (KPAE), which is also known as Paine Field has been acquired by Washington State-based airport development and management company Propeller Airports. In conjunction with the acquisition, the company has launched a new subsidiary, Propeller Aero Services to operate the facility and develop the FBO.
Propeller—which designed, built, and operates the recently-opened commercial terminal at KPAE—intends to build a new $20 million FBO terminal and hangar complex there expected for mid-2022 with plans for a 12,000-sq-ft terminal featuring a passenger lobby, fireplace, 20-seat conference room, pilot lounge with snooze room, in-house catering kitchen, theatre room, concierge services, and crew cars. The existing 5,000 sq ft terminal is also planned for renovation, dedicated to light general aviation traffic following the reopening of the facility.
Propeller also plans to construct a 40,000-sq-ft heated hangar at the airport which in combination with the existing hangar, this will give the location 50,000 sq ft of hangar space capable of sheltering aircraft up to a Bombardier Global 7500.
Propeller CEO Brett Smith said the acquisition "makes a tremendous amount of sense given our understanding of the airport and our home market.” Castle & Cooke will retain its FBOs at Daniel K. Inouye International Airport in Honolulu and at Los Angeles-area Van Nuys Airport. The deal is expected to close by the end of November.
Parnda Hedima is a Business, Aviation & Research Consultant who is a member of the National Business Aviation Association. Experimental Aircraft Association, & Aircraft Owners & Pilots Association.
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