For Immediate Release June 29, 2004

SH&E Announces Space Still Available at Former United Airlines Indianapolis Maintenance Facility

Boston, MA – The Indianapolis Airport Authority the City of Indianapolis, and the State of Indiana recently completed a successful lease negotiation with AAR Corporate of Chicago, Illinois, to lease a major portion of the former United Indianapolis Maintenance Center (IMC). The execution of the AAR lease is the culmination of more than a year’s effort to develop an effective marketing strategy and locate viable tenants for the IMC in a turbulent aviation environment. The Authority adopted a multi-tenant strategy for remarketing the facility, and AAR will serve as an anchor tenant. Understanding the current market for Maintenance Repair and Overhaul (MRO’s) was a key step in structuring a competitive lease package. SH&E congratulates all parties involved in the successful negotiation.

SH&E is the remarketing agent for the IMC and serves as a strategic advisor to the Indianapolis Airport Authority (IAA). SH&E has worked actively over the past year and a half for the State, the City and the IAA in developing a multi-tenant marketing strategy and has been assisting in the remarketing of the facility. With the execution of the AAR lease, the IAA and SH&E are still looking for additional tenants for IMC. Three types of spaces are currently available: a two bay maintenance area suitable for work on Boeing 757 type aircraft, the space includes 90,000 square feet of high hangar space, with an additional 30,000 square feet of ground-level support areas and 73,000 mezzanine with two full 757 docking systems; backshops representing 188,000 square feet, and includes a machine shop, composite shop, and warehouse space, as well as all heavy equipment currently in place; and a 177,000 square foot materials handling warehouse, which currently include a sophisticated materials handling system, designed for aircraft parts management.

More information on the facility, including photos and specifications, is available on the SH&E website (www.sh-e.com/services_remarketing.htm). Information can also be obtained by contacting Eliot Lees, Vice President (617-218-3540, elees@sh-e.com) or Webster O’Brien, Director (617-218-3543, wobrien@sh-e.com).
Simat, Helliesen and Eichner, Inc. (SH&E) was formed in 1963 to provide management assistance, expert counsel, and research regarding operations, economics, and finance of airlines and aviation-related industries. The firm provides technical consulting services, including appraisals, valuations, feasibility studies, asset management, and remarketing services to many of the world’s airlines, airports, manufacturers, lenders and aircraft leasing companies. SH&E currently serves as remarketing agent for several aircraft maintenance facilities, commercial and corporate aircraft, and aircraft components.
Committed to delivering client value through objective and independent analysis and extensive industry expertise, SH&E manages more projects than any other consulting firm of its type. SH&E maintains major offices in New York, Washington, Boston, and London.

Contact:

Lindsey Litton
Media and Public Relations Manager
ICF International
1.571.265.1472
llitton@icfi.com
 

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