GE sells Stewart hangar

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Atlantic Aviation just purchased hangar adjacent to air traffic
control tower at Stewart

STEWART AIRPORT – The General Electric corporate hangar at Stewart
Airport has been sold to another tenant at the Newburgh area facility.

Atlantic Aviation, one of the two fixed base operators at the airport,
bought the 100,000-square-foot hangar from GE, which moved its flight
department to Boston when it relocated its headquarters from Fairfield,
CT to Massachusetts.

Atlantic Aviation already owns an aircraft hangar at Stewart, which houses
a number of corporate aircraft. That hangar was originally built by the
W.R. Grace Company for its flight department. It was later sold to the
Bruderhof to hangar that community’s aircraft and rent space for
other planes.

The new facility includes 60,000 sf of heated hangar and 40,000 sf of
shop and office space.

“This acquisition in Newburgh, NY is an excellent option for folks
wishing to hangar aircraft in the New York area,” said Tim Bannon,
vice president of the Northeast Region of Atlantic Aviation.

General Electric built the just-purchased Atlantic Aviation hangar along
Route 17K in the Town of Newburgh, in 2008 when it moved its flight department
from Westchester Co0unty Airport to Stewart in 2008.

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