FACILITIESAPPROVED

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Jet ICU granted long-term ground lease for new hangar

Initial annual ground rent $75,572 plus applicable taxes; Jet ICU investment approximately $3,000,000 for hangar constructionTampa–Hillsborough County Aviation AuthorityWORLDWIDE AIRCRAFT SERVICES INC DBA JET ICUOctober 2, 2025

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Description

The Aviation Authority approved a long-term ground lease with Worldwide Aircraft Services, Inc. dba Jet ICU for 104,962 square feet at Tampa International Airport, with initial annual rent of $75,572. Jet ICU will invest about $3 million to construct a new 30,000 square foot hangar, under a 20-year term with two five-year renewal options.

Contract Details

Contract Amount

Initial annual ground rent $75,572 plus applicable taxes; Jet ICU investment approximately $3,000,000 for hangar construction

Vendor

WORLDWIDE AIRCRAFT SERVICES INC DBA JET ICU

Agency

Tampa–Hillsborough County Aviation Authority, FL

Contract Type

FACILITIES

Document Date

October 2, 2025

Contract Term

Effective upon Board signature; expires on the 20th anniversary of the Commencement Date, with two five-year renewal options

Renewal Info

Two five-year renewal options may be approved by the Authority’s CEO after the initial 20-year term; annual rent increases of 2.20% and market-based adjustments every five years.

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