The Pryor Field Airport Authority has signed a 25-year lease with a 10-year option with Huntsville-based Acquisition Integration, which plans a $30 million investment that could create 250 jobs at the Tanner airport.
The agreement is for maintenance, repair and overhaul at the airport, which serves Decatur and Athens.
AI’s plan includes 170,000 square feet of hangar and office space. AI serves the commercial and military aerospace and vehicle industries.
“We all are excited for Acquisition Integration to join us at the airport,” Pryor Field Airport Manager Adam Fox said. “We have worked hard, and strategically, to market and grow the airport, and I’m proud that Pryor Field is in the position to capture these growth opportunities.”
The $30 million project is a four-phase plan.
“Acquisition Integration is happy to be involved in the long-term plans at Pryor Field,” AI CEO Dave Bristol said. “We look forward to bringing a capability to Pryor Field that will benefit both the aviation world and the local workforce. We believe that it will support the expected growth in North Alabama and thank the local community for its support in helping us build this capability.”
Montgomery-based Goodwyn Mills Cawood, Pryor Field’s airport engineer and planning consultant, recently helped develop an airport master plan, which separates general aviation operations from corporate and cargo operations.
