The hangar will be built on a 19,700-square-meter plot of land. The airport said that it has signed a 40-year land lease contract with Aviabaltika, the winner of the auction. This is the largest piece of land ever leased by the airport.
Jūratė Baltrušaitytė, commercial director at Kaunas Airport, could not tell BNS how much Aviabaltika is planning to invest in the project, saying that the company is still making the estimates.
Baltrušaitytė said that this is Aviabaltika's second investment project at Kaunas Airport. The company is building a helicopter repair and maintenance hangar on a 4,800-square-meter plot of land adjoining the apron.
Ryanair, Avia Solutions Group, and Dot LT are also investing in Kaunas Airport after winning land lease auctions. Norway's investment company Alsco is building a hotel at the airport in partnership with Lithuania's Air Hotel.
