PILLAR: Growing
AGENDA DATE: May 27, 2026
COUNCIL DISTRICT(S): 3, 6
DEPARTMENT: Department of Aviation
PRIORITY: Targeted Economic Growth
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SUBJECT
Title
Authorize a twenty-year lease agreement, with two fifteen-year and one fourteen-year renewal options, with Signature Flight Support LLC, for approximately 2,131,455 square feet (48.93 acres) of land and improvements at Dallas Love Field with a capital investment obligation of $65,000,000.00 - Estimated Revenue: Aviation Fund ($100,774,049.00), over the primary term of the lease and ($514,579,706.00) during the renewal terms and Aviation Construction Fund ($4,500,000.00)
Body
BACKGROUND
Signature Flight Support LLC (“Signature”, operating as Signature Aviation) is the world's largest network of Fixed Base Operators (FBOs), with more than 200 locations across 27 countries. Signature provides essential business and private aviation support services, including aircraft fueling, aircraft hangar space, ground handling, and maintenance. Signature currently operates at Dallas Love Field (the “Airport”) under existing leases, serving as a primary FBO and providing general aviation support services to the Dallas market.
Signature’s current lease of the subject property expired on its terms with the improvements reverting to the City. The City now desires to re-lease the approximately 2,131,455 square feet (48.93 acres) of land and improvements to Signature for a primary term of twenty years with two fifteen-year and one fourteen-year renewal options to be coterminous with Signature’s other lease at the Airport. The renewal options shall be exercisable by the lessee upon proper notice and so long as the lessee is not in default beyond the prescribed notice and cure period. The exact size of the proposed leased premises is subject to a final survey. The City will generate ground-rental revenue and additional rental revenue from the improvements in an estimated amount of $100,774,049.00 during the primary term of the lease. Additionally, the proposed lease is estimated to generate an additional $514,579,706.00 during the renewal terms.
As consideration for the new lease, Signature will be required to make a total capital investment of no less than $65,000,000.00. This includes no less than $38,000,000.00 for the development and construction of new improvements, which may include aircraft hangars, offices, vehicle parking areas, aircraft apron areas, and an above-ground fuel farm during the primary term of the lease. This will also include the demolition of existing hangars that are past their useful life. Signature will also make a cash contribution of $4,500,000.00 to the City for capital improvement projects at Dallas Executive Airport, payable within forty-five days of the lease effective date. An additional investment of no less than $22,500,000.00 in capital improvements will be required by the end of year fifty-five of the lease.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
Estimated Revenue: Aviation Fund $100,774,049.00, over the primary term of the lease and $514,579,706.00 during the renewal terms.
Estimated Revenue: Aviation Construction Fund $4,500,000.00
OWNER/EXECUTIVE
Signature Flight Support LLC
Tony Lefebvre, Chief Executive Officer