CONTRACTPENDING

Portland Jetport Lease Extension Option for Northeast Air

Disclosed value: Minimum $4 million investment in hangar replacement; From agenda
Document date: Nov 2, 2026

What it covers

The City Council is considering a 20-year ground-lease extension option for Northeast Air at the Portland International Jetport. The option requires the company to replace its existing hangar with at least $4 million in investment and exercise the option within five years.

Who holds it

Northeast Air (Nea) holds this facilities contract with City of Portland.

What happens next

Term as filed: 20-year lease extension; option must be exercised within five years.

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Contract details

Contract type: Facilities
Amount: Minimum $4 million investment in hangar replacement
Document date: November 2, 2026
Term: 20-year lease extension; option must be exercised within five years
Vendor: Northeast Air (Nea)
Agency: City of Portland
Source document: City of Portland Agenda City Council Meeting - November 2, 2026 (Agenda)

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Questions about this contract

Who was awarded the facilities contract by City of Portland?

Northeast Air (Nea) was awarded this facilities contract by City of Portland, as recorded on November 2, 2026. The contract value is Minimum $4 million investment in hangar replacement.

How much is the Northeast Air (Nea) contract with City of Portland worth?

The Northeast Air (Nea) contract with City of Portland is valued at Minimum $4 million investment in hangar replacement, covering facilities work.

What type of contract is this?

This is a Facilities contract, documented as a agenda record.

Where was this contract approved?

This contract appears in City of Portland Agenda City Council Meeting - November 2, 2026 (Agenda), dated November 2, 2026 from City of Portland. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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