Long Beach, JetZero reach $50 million deal to extend lease, expand plane design center

JetZero Expands Long Beach Footprint with New 30-Year Lease at LGB - Long Beach Local News

Long Beach, CA — Long Beach Airport (LGB) has announced a new 30-year lease agreement with JetZero, Inc., a leader in next-generation aircraft design, solidifying the company’s Design Center at LGB and… The post JetZero Expands Long Beach Footprint with New 30-Year Lease at LGB appeared first on Long Beach Local News.

Long Beach, JetZero reach $50 million deal to extend lease, expand plane design center

JetZero Inc. and the city of Long Beach have agreed to a 30-year extension to the company’s lease at the city airport, on the condition that the pioneering aviation company invests millions into expanding its design center. The agreement, approved unanimously by the Long Beach City Council earlier this month, extends JetZero’s lease through the early months of 2059, with an option to renew for an additional five-year period. Councilmember Megan …