Signature Aviation will add more than 80,000 new square feet of hangar space
Photo courtesy of Signature Aviation
Orlando, Fla. – The Greater Orlando Aviation Authority (GOAA) Board approved a major redevelopment agreement that will deliver a new state-of-the-art terminal and expand hangar facilities at Orlando International Airport (MCO). This investment will significantly enhance corporate and general aviation capacity, reinforcing Central Florida’s position as a global destination for business, tourism, and innovation.
The Board approved a $26 million investment by Lake Nona-based Signature Aviation to modernize and expand hangar facilities on the west side of MCO. The project goes hand in hand with the Aviation Authority’s new vision, pledging to attain optimum level of service for all airport facilities, and strengthening the Aviation Authority’s role as a driver of economic growth and innovation.
The approved development includes a new 8,000 square foot, state-of-the-art Fixed Base Operator (FBO) terminal, replacing the existing facility built in the 1980s, and redefining the arrival experience for corporate and private aviation guests. The project also includes the construction of two new 40,000 square foot aircraft hangars, adding much-needed hangar capacity to support growing corporate aviation demand.
When complete, Signature Aviation will lease more than 1.3 million square feet of aeronautical land from GOAA under a 30-year agreement, creating long-term value for the region while supporting business aviation, job creation, and private investment. The project is expected to be completed by Fall 2028.
“This investment meets a direct need for the corporate and general aviation communities,” said Lance Lyttle, Chief Executive Officer, GOAA. “It also boldly reflects Central Florida’s growth and ambition, opening doors for business, welcoming global travelers, and shaping an aviation system built to serve the region for generations to come.”
“Signature Aviation is proud to deepen our long-standing partnership with GOAA as we invest in the next generation of aviation infrastructure at MCO,” said Tony Lefebvre, Chief Executive Officer, Signature Aviation. “This redevelopment expands opportunity, supports Central Florida’s growth, and delivers a modern, elevated experience for the travelers and companies that power the region’s economy. Together, we’re building the capabilities and guest experiences that help Orlando continue to be a premier destination for business and innovation.”
Signature Aviation has served as a Fixed Base Operator (FBO) at Orlando International Airport since May 1996, making it one of GOAA’s longest-standing aviation partners.
This MCO expansion also aligns with GOAA’s broader strategy to strengthen aviation infrastructure across Central Florida and meet growing demand for corporate and general aviation facilities. At Orlando Executive Airport (ORL), multiple transformative projects are underway that will collectively add more than 250,000 square feet of new hangar space.
Development is progressing on Sky Harbour Group’s $40 million campus development, which will deliver nine new hangars totaling 203,000 square feet, while Sheltair Aviation is adding an additional 65,000 square feet of hangar space, bringing its total leasehold at ORL to nearly 430,000 square feet of hangar and office space.
MCO’s Concession Master Plan Update
During Wednesday’s meeting, the GOAA Board also approved another expansion of Phase 2 under the MCO Concession Master Plan. The latest addition of restaurants and markets that will be available include:
Cava
Citrus Market featuring Winery and Tasting Room powered by Brewlando
Freddy’s Frozen Custard & Steakburgers
McDonald’s
Plum Market
Raising Cane’s
Velvet Taco
The three-phased project will offer guests a wide variety of shopping and dining opportunities from national brands and local favorites, including healthier dining options and experiences that reflect Central Florida’s character. From legacy Orlando restaurants to innovative new concepts, travelers can shop, sip, and dine in modern and welcoming spaces.
A full list of retail stores and restaurants, as well as renderings, announced so far for the Concession Master Plan are available on the Elevating MCO website. The projects listed on this website are part of Orlando International Airport’s $5.9 billion multi-year Capital Improvement Plan.
