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 03.16.17

Airborne
03.20.17

Airborne
03.21.17

Airborne
03.22.17

Airborne
03.23.17

Airborne 03.17.17

Airborne-Unmanned 03.21.17

Airborne-YouTube

AMA 03.16.17

Airborne
03.20.17

Airborne
03.21.17

Airborne
03.22.17

Airborne
03.23.17

Airborne 03.17.17

Airborne-Unmanned 03.21.17

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

EAA Chapters-Members To Benefit From Introduction To VMC Club Programs, Content

Safety Information And Scenarios Available For Non-Instrument Rated Pilots Non-instrument rated pilots who want to improve their safety skills and knowledge now have an excellent n>[...]

Airborne 03.21.17: Longmont NIMBYs, Lost Orbiter, Airline Transparency

Also: VIP TFR Relief, Aero-Calendar, ACC CoC, C17 Drone Inspection, Flamingo Air, TSA Shame, NBAA Scholarships One of the most persistent, if not outright obnoxious, anti-airport N>[...]

Airborne-Unmanned 03.21.17: Heron 1 FOC, Canadian UAVs BVLOS, Quad Inspects C17

Also: Terra Drone, senseFly partners with MicaSense, Quadcopter Topology Optimization The Heron 1 UAV has attained Full Operational Capability (FOC), allowing two Republic of Singa>[...]

Airborne 03.20.17: GA Reacts To ATC Plan, KSMO Deal Questioned, NTSB Leadership

Also: Gone West: Bill Brennand, Airport Theft, Night Carrier, Heli Museum, Seat Belts, China Drones, Canadian Launch Site President Trump's proposed budget has, regretfully, come d>[...]

Airborne 03.21.17: Longmont NIMBYs, Lost Orbiter, Airline Transparency

Also: VIP TFR Relief, Aero-Calendar, ACC CoC, C17 Drone Inspection, Flamingo Air, TSA Shame, NBAA Scholarships One of the most persistent, if not outright obnoxious, anti-airport N>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

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