PenAir Builds New Hangar with AIDEA Help

Earlier this year, AIDEA's Board approved a $4,230,000 (90%) participation in a $4,700,000 First National Bank Alaska loan to PenAir Realty Holdings, LLC. AIDEA's participation provides PenAir Reality with long-term financing for its newly constructed 32,893 SF aircraft hangar located at Stevens International Airport, Anchorage.The hangar will be leased in its entirety to Peninsula Airways, Inc. Peninsula Airways provides scheduled air service to 36 communities throughout Southwest Alaska.