McKinney National Airport
1. How long has the City of McKinney owned the airport?
The City of McKinney has always owned the airport since it opened in 1979. The city purchased the Fixed Base Operations (FBO) and its facilities in November 2013 from a private developer. Prior to the acquisition of the FBO and its facilities, the City of McKinney owned 745 acres of dedicated airport land and received revenue only from land leases and fuel flowage fees. These revenues were not sufficient to cover the city’s operating expenditures, and the general fund was used to offset the difference at a cost of $600,000 - $800,000 annually.
2. What are the Fixed Base Operations (FBO) and its facilities?
The FBO that is called McKinney Air Center is the custodian of the airport. It is a business operated by the city that offers fueling, aircraft housing (temporary or permanent), light mechanical and any other special requests that may be needed. The facilities of McKinney Air Center consist of: 93 T-Hangars, which are leased to small engine and twin engine aircraft:
- 3 Executive Hangars, which are large hangars that house business-type aircraft
- 3 Corporate Hangars, which house maintenance operations and additional storage
3. Why did the City of McKinney purchase the FBO and its facilities?
The Airport is an economic engine for McKinney and vital to the economic health of the city.
According to the latest (2011) Economic Impact Study by the University of North Texas for the Texas Department of Transportation the airport generates:
- $44,248,730 in economic activity
- $17,709,560 in salary, wages and benefits
- 378 jobs
Decrease the annual city contribution to the airport.
- After 2006, development stopped and hangar occupancy fell from 80% to less than 60%.
- Aircraft owners were flying to other airports to purchase fuel and services because the previous FBO prices were the highest in the region.
- The city only received two sources of revenue: fuel flowage fees and airport land leases; both of these suffered with minimal development and high fuel prices.
- By purchasing the airport, the city now has the ability to control how McKinney National Airport will develop.
- The city gains the ability to negotiate directly with large corporate flight departments and have them relocate here.
- We can increase the profitability of McKinney National Airport, which will in turn lead to the city lessening the tax burden on the citizens of McKinney.
How is McKinney National Airport doing since the acquisition?
See the funding flow charts below for the McKinney National Airport and McKinney Air Center.
- McKinney National Airport and McKinney Air Center announced a partnership with Texas Air Shuttle, a membership service for business travelers that offers daily flights between McKinney and Houston beginning in early spring of 2016.
- McKinney Air Center has been voted the #1 FBO in the nation by fltplan.com for the fourth year in a row.
- McKinney Air Center was chosen over FBOs at major airports in Houston, Dallas, Miami, Los Angeles and many more.
- Fltplan.com named the The Pete and Nancy Huff Air Traffic Control Tower at McKinney National Airport #1 in the nation in 2014 and #3 in 2015, 2016 and 2017.
- Since taking over, the occupancy rate has increased from below 60% to 100%, earning a steady stream of income. There is an active waiting list of more than 100 planes interested in relocating to McKinney National Airport.
- A large corporate flight department has relocated to McKinney National Airport.