Turks & Caicos Islands Real Estate Services - Regency International Estates


by RIE

Turks and Caicos Weekly News

Saturday December 3rd, 2011

 

A consortium of local and overseas investors have acquired 45 acres of Crown Land on a 99-year lease to plunge $15 million into construction of a private jet terminal with a hangar for parking 50 to 60 jets, that opens by the next tourist season.
Termed a Fixed Base Operation (FBO) and private aircraft terminal the facility at Providenciales will is expected to boost the luxury travel market to the Turks and Caicos Islands when it opens next year, investors and the government stated.

In a joint government and investor media release distributed at a press conference Thursday, December 01, it was stated that the new state-of-the-art FBO will feature generous parking and hangar space for large and small private aircraft, modern lounge and crew facilities, integrated customs and immigration as well as full servicing of private aircraft. 

According to the release the investing consortium, M Aviation, is a Turks and Caicos-based company owned and operated by investors who have already made significant tourism related investments developing a leading luxury resort in Turks and Caicos.
Lead person in the investment group, Michele Neuteling, told the media during the briefing at the Providenciales Airport International Lounge that M Aviation comprises fewer than 10 persons.
“TCI-based M Aviation Limited, Turks and Caicos Islands Authority (TCIAA) and the TCI Government have agreed on a commitment to develop the new FBO adjacent to Provo’s International Airport, tripling the private airport capacity at the airport,” the release stated, and continued: “Over one-third of aircraft movements at the airport already comes from private aircraft, despite accounting for only three per cent of passenger traffic.”
They say it will be ready in approximately 12 months time for the 2012/13 tourist season and will support 50 construction jobs during the build period and employ up to 20 personnel once operational. M Aviation has committed to adopt a minimum of 70 per cent local employment.
Governor Ric Todd added: “Such a significant investment commitment by a local company into our infrastructure shows that business confidence is building across the Turks and Caicos. The new facility will allow our islands to keep pace with other Caribbean destinations and play a key role in supporting our exclusive resorts.”
John Smith, Chief Executive of the TCIAA, commented that: “The private aviation market is showing tremendous growth as more and more affluent travelers wish to take advantage of the privacy, flexibility and convenience of traveling on a private plane. A second FBO facility in Turks & Caicos will position us well as a luxury destination for the future.”
M Aviation acquired the land on government’s lease principles taking inflation into account.


by RIE

Written by fp staff   

Thursday, 06 October 2011 10:52

Led by a large increase in tourists from the United States, arrivals at the Providenciales International Airportwere up 18 percent in the first six months of 2011 over last year, the Turks and Caicos Tourist Board has announced.

New flights by JetBlue from New York and Boston and by Continental Airlines from New Jersey are credited for much of the 23-percent increase in U.S. visitors, which accounted for 65 percent of all 222,596 arrivals in the first half of the year.

Canadian visitors increased only 5 percent over last year but showed large increases in both April and June. They accounted for 12 percent of all arrivals in the first six months.

In February 2012, the Turks and Caicos will welcome another inaugural flight from the east coast of Canada — Halifax. This new direct weekly service on Thursdays is expected to further increase the number of Canadian visitors.

European visitors were down 19 percent, representing only about 1.5 percent of all arrivals. The recently lengthened runway at the Provo airport is expected to increase European and other visitors because it will enable larger, long-haul flights to land, saving travelers time in layovers to get here.

All other countries showed a 15-percent increase and represented more than 21 percent of all visitors.

“The Turks and Caicos star continues to shine in the region, and the evidence is our sound arrival numbers,” said Director of Tourism Ralph Higgs. “We are encouraged by these numbers and excited about the upcoming 2011-12 season.”

“We urge residents, locals businesses to explore and embrace all the opportunities associated with the tourism industry,” he said.

Arrivals at the Grand Turk Cruise Center continued to grow, posting an increase of 10.5 percent over 2010. On Nov. 9, the center will welcome one of the largest ships in the world, Carnival Magic.

www.theturksandcaicos.com


Another amazing day of our lives full of sunshine and clear skies in the Turks and Caicos Islands. As one of our clients touched down in his private jet, the helicopter was waiting for us to go on a bird's eye-view, private tour of Grace Bay Beach.  

The pilot from TCI Helicopters, D.Peters, was amazing and it was a very smooth and comfortable ride. Susan was so great at accommodating us with under 2 hours notice, so "thank you very much" Susan! It was the coolest thing ever and a "must do" to see how amazing these islands really are.

(Website: tcihelicopters.tc Phone:649.432.4354)! It was sssooo worth it!! We are definitely going to do that again!!!

Check out my pictures, the video arial tour is coming soon! (as soon as I figure out how to upload it...)

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