Pensacola International Airport to receive $56 million in Triumph Funds
July 18, 2018 was an important day for the City of Pensacola.
On that day, the Triumph Gulf Coast Board of Directors unanimously approved a $56 million grant to the City of Pensacola to allow for the development of a Maintenance, Repair and Overhaul Aviation campus at Pensacola International Airport. This is the largest amount ever awarded by the Triumph board. This grant is subject to the acquisition of additional funding to complete this transformative project, which at full employment will add nearly 2,000 high paying jobs to the City of Pensacola, Escambia County and all of northwest Florida.
The first 173,000 square foot MRO hangar at the airport recently was completed and ST Engineering, the global leader in providing MRO services, began operations on June 8 with UPS as its launch client. When fully developed, the MRO Aviation campus will include four new MRO hangars, administrative headquarters and warehouse/shop buildings, all owned by the City.
The total project cost is estimated to be just shy of $335 million and the MRO Aviation campus will have the capacity to service all wide and narrow body aircraft, such as 777’s, 737’s, A320’s and the like.
“I am very thankful to the Triumph Board for the confidence they have shown in our City by making this significant grant," Mayor Ashton Hayward said. "The creation of approximately 2,000 jobs in the aviation industry will not only will provide opportunity for families in our community for years to come, but will also be a magnet to attract talent to our great city and region.”