GDC lands 778,000 SF to modify aircraft for VIPs at AllianceGDC lands 778,000 SF to modify aircraft for VIPs at Alliancehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=18242015-02-03T09:26:00Z2015-02-03T00:00:00Z

FORT WORTH - GDC Technics has leased a 778,000-sf hangar at Alliance Airport.

The Alliance hangar will be GDC’s third location, joining San Antonio and Munich, Germany. The new facility gives GDC the ability to work on seven large aircraft at one, compared to just four at the San Antonio location.

GDC Technics works on several Boeing aircraft from the Boeing 737 to the Boeing 777. It also modifies the Airbus fleet, including the Airbus A340-500. The company modifies the jets for dignitaries, heads of state and VIPs, adding conference rooms, wireless internet and other technology.

They expect to start operations within 90 to 120 days.

The company plans to hire 100 people a year for the next several years, employing up to 600 people by 2020, according to Mohammed Alzeer, the general partner for GDC Technics. That includes engineers, technicians, aircraft maintenance and other specialties.

The 25-year lease has been approved by the Fort Worth City Council. GDC Technics will pay $336,050 annually for the first five years and rent will escalate every five years after that. The final five years of the lease will be $546,081 per year.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2015/01/28/gdc-technics-signs-lease-to-modify-aircraft-for.htmlRead more at {Source}

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