LoPresti Wins Lease Deferral From City Of Sebastian, FL | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Recent Daily Episodes

Episode Date

AMA Drone Report

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday

Airborne-Thursday

Airborne-Friday

Airborne-Unmanned w/AUVSI

Airborne On ANN

AMA 07.20.17

Airborne 07.24.17

Airborne 07.25.17

Airborne 07.26.17

Airborne 07.27.17

Airborne 07.28.17

Airborne-Unmanned 07.25.17

Airborne-YouTube

AMA 07.20.17

Airborne 07.24.17

Airborne 07.25.17

Airborne 07.26.17

Airborne 07.27.17

Airborne 07.28.17

Airborne-Unmanned 07.25.17

NEW!!! 2017 AirVenture Innovation Preview -- YouTube Presentation / Vimeo Presentation

Sat, Jan 16, 2010

LoPresti Wins Lease Deferral From City Of Sebastian, FL

City Council Cites Potential Job Losses In Recession

The Sebastian, FL City Council has voted to defer lease payments on facilities rented by LoPresti Aviation for nine months. The council said it was concerned about the possibility of job losses during a recession.

"We hit bottom about six months ago,and are struggling like everybody else," company president Curt LoPresti told the Treasure Coast news site TCPalm. He said the company has returned its primary focus to aftermarket sales for aircraft. He estimated it would take about nine months to bring sales back to previous levels.

The vote Wednesday by the council will allow LoPresti to stop making rent payments of about $3,700 per month until November. The company leases hangar and some office space at Sebastian Municipal Airport.

Sebastian City Manager Al Minner said the rent is being deferred, not forgiven. LoPresti will have to make the payments, as well as stay current on its lease, beginning in November.

LoPresti holds a 15 year lease on a hangar that was recently built at a cost of $1.4 million. Mayor Richard Gilmore, who voted against the lease deferral, said city employees have be required to take furloughs during the recession to help the city balance its books. LoPresti said the company, which employs about 20 people, has cut some salaries, and is hoping to avoid layoffs.

FMI: www.speedmods.com, www.cityofsebastian.org

Advertisement

More News

Airborne 07.26.17: WomenVenture 2017!, Daher TBM910 OSH Debut, Avilution UnPanel

Also: Continental Motors Update, Trig Avionics Expands, AEA Incubator Inspires, Pelton Interview--Part 3 Aero-News staffers attended the kickoff event to WomenVenture, the Women in>[...]

Airborne-Unmanned 07.25.17: Airspace Auto-Authorization, Bogus UAV Hit, CA Regs

Also: “Drone Billboard”, Eagle v Drone, Self-Driving Cars, Drone Locates Lost Man, Airborne-Unmanned-Help Wanted Greatly anticipated, it appears that this fall, some 50>[...]

Airborne 07.26.17: WomenVenture 2017!, Daher TBM910 OSH Debut, Avilution UnPanel

Also: Continental Motors Update, Trig Avionics Expands, AEA Incubator Inspires, Pelton Interview--Part 3 Aero-News staffers attended the kickoff event to WomenVenture, the Women in>[...]

AMA Drone Report 07.20.17: FAST Drones, GeoFencing, Certified Drone Photographer

Also: SureFly Helicopter Concept, 'Design a Drone', Raleigh v Drones, Aero-TV: AMA's David Mathewson The Drone Racing League recently tested the fastest racing drone, and set the G>[...]

Airborne 07.24.17: Pelton Opens OSH17!, Zenith/UnPanel, Hartzell/Raisbeck

Also: Stratos Shows At OSH17, Redbird GIFT, SunFlyer 4, ONE Aviation Update, Pelton Intvw Part 1 Avilution this morning debuted its Unpanel Integrated Avionics Display in the first>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2017 Web Development & Design by Pauli Systems, LC