Jacksonville Aviation Authority reports “strong financial year” in status report

jax airport

Jacksonville Aviation Authority mayoral appointees in a Dec. 15 “status report” letter to Mayor Lenny Curry reported a “strong financial year” and “recovery” from the 2007 recession.

Revenues were up over 9 percent year over year in the fiscal year ending Sept. 30, outpacing a 5.1 percent increase in expenses, helping the JAA cash flow.

Net assets were up $9.39 million, a 71 percent YOY increase.

Beyond the good news, the JAA appointees expressed interest in long term vision: the “development of Cecil Airport,” to drive regional economic development and make the former naval air station an “aerospace hub in the Southeast.”

“While a fledgling industry now, commercial space is expected to grow significantly and Jacksonville is well-positioned to compete for this business,” the letter states.

Jacksonville International Airport is expected to grow, buoyed by a “very strong program for air service development that includes a range of incentives for new service.” As well, Craig and Herlong airports are “operating in the black.”

The letter was signed by Ray AlfredJay Demetree, and Russ Thomas.

A.G. Gancarski

A.G. Gancarski has written for FloridaPolitics.com since 2014. He is based in Northeast Florida. He can be reached at [email protected] or on Twitter: @AGGancarski


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