Gov. Matt Bevin congratulated FEAM Aero on the groundbreaking of its new 103,000-square-foot hangar in the Cincinnati/Northern Kentucky International Airport (CVG), which will create 100 high-paying jobs with an $19 million investment.
“The commonwealth’s aviation and aerospace industries are soaring, and the addition of this FEAM Aero hangar in Hebron is the latest evidence of that upward trajectory,” Gov. Bevin said. “Capitalizing on our status as a first-class North American logistics hub, this company already supports major Kentucky firms like DHL and Amazon. We are grateful for FEAM Aero’s commitment to the Bluegrass State and look forward to seeing them take their business to new heights here in the commonwealth.”
The hangar, expected to be completed by 2020, will be used for the maintenance, repair and overhaul (MRO) of various aircraft, specifically 747-800 aircraft. The project will be overseen by Lynxs Group, which develops, invests and manages assets for airports and financial investors, including air cargo and logistics facilities, MRO facilities and hangars and other business entities.
Candace McGraw, CEO at CVG, said the growth falls in line with planned growth at the airport.
“Among CVG’s business goals are to grow air cargo operations and develop available airport land, both of which are achieved with this project,” McGraw said. “We’re delighted that FEAM and Lynxs chose this site to support the rapid cargo growth at CVG. We look forward to their partnership and success.”
FEAM currently operates at CVG, where it employs over 100 aircraft technicians servicing DHL, WOW Air, Atlas Air and Amazon Air’s fleet Prime Air. The company anticipates that the continued growth of the e-commerce market, combined with the arrival of the Amazon Air cargo hub, will create an additional 100 or more job opportunities for aircraft technicians in addition to the 100 jobs announced with this project, bringing the company’s employment in Northern Kentucky to 300 by 2020. The anticipated growth would make the CVG location the company’s largest operation in the US.