TAC Air FBO Enters Dallas Market In Historic Way
The Braniff Centre at Love Field – redevelopment and expansion takes place to house new TAC Air FBO as anchor to multi-use, aviation, retail, office and hospitality facility
Dallas, Texas (February 14, 2018) – You can feel love in the air this February 14th as Dallas Love Field starts to see change taking place at the former 1958 Braniff International Airways facility, now to be called the Braniff Centre located at 7701 Lemmon Avenue on the East side of Dallas Love Field airport, the center of the general aviation corridor.
In partnership with the Texas Historic Commission, the existing DalFort Aerospace building, originally known as the Braniff Airlines Operations and Maintenance Base, will be transformed into more than 200,000 square feet of high quality hangar space and prime aviation support facilities. Accompanied by retail, restaurant, offices, auto-dealer showroom, entertainment venues and hospitality facilities, the Braniff Centre will make the Dallas Love Field east-side location off Lemmon Avenue a destination for surrounding neighborhoods and Dallas’ sophisticated travelers.
The FBO (fixed base operation) of TAC Air will feature amenities such as controlled access to the private hangars and executive terminal, concierge services comprising catering from local celebrity chefs, auto detailing, local event/venue reservations, auto-to-aircraft valet, and secured personal access to all retail facilities located at the Braniff Centre.
“When open, you will take a step back to the mid-century era of aviation in Dallas, with Braniff archives on display in the public areas,” said Greg Arnold, Chairman and CEO of Dallas-based, TAC – The Arnold Companies, parent company of TAC Air. “For those with aircraft, you can experience the best ground support and hangar facilities in the DFW metroplex as you travel to Dallas through Love Field or make TAC Air your home base.”
A 6-year dream for local automobile dealer, Randall Reed, the Braniff Centre is a welcome upgrade to the existing 26 acre, DalFort Aerospace location. In addition to Mr. Reed’s plans to relocate his Park Cities Lincoln dealership to the site, TAC Air has partnered with local entities Blue Star Land, LP a Jones Family company and Lincoln Property Company to preserve the history of the location, expand the business opportunities of the local community and bring an advanced aviation facility to the heart of Dallas – at Love Field.
Vice President & Chief Operating Officer of TAC Air, Christian Sasfai said, “TAC Air is excited about the expansion of our FBO network into Dallas and we look forward to welcoming both new and existing customers to our newest facility at the Braniff Centre.”
The $100 million master plan expansion and redevelopment being led by TAC Air is made possible with the commitment of the City of Dallas. As Dallas Love Field is reborn through ongoing development projects, the Braniff Centre restoration and expansion will help restore a portion of the airfield to the early ‘spirit of aviation and the modern jet-setter’ lifestyle as defined by Braniff International Airways in the late 1950’s. Keeping the original cutting edge building design of William Pereira and Charles Luckman that embodied the spirit of flight in the inverted butterfly roof architecture, The Gravity Company and Burns & McDonnell have designed the restoration to meet guidelines and preservation requirements of the Texas Historic Commission and keep this building an aviation landmark of Dallas.
TAC Air – DAL FBO and the Braniff Centre are expected to open for use in the summer of 2019.
About TAC Air
TAC Air is an aviation ground services company providing the highest level of service available in fixed base operations with more than 700 associates in its network of operations spanning across the United States, from Salt Lake City, Utah in the west to Hartford, Connecticut in the east. TAC Air is a division of TAC – The Arnold Companies, a Texas-based aviation services and energy marketing company, TACenergy.
Find more information about the passion for great service TAC Air is providing pilots, aircraft owners, airlines and government/military at www.tacair.com. For more information about TAC - The Arnold Companies, visit www.thearnoldcos.com.
Latest Posts
Wholesale Gasoline Prices Have Dropped To Their Lowest Levels Since Last Christmas
The Energy Complex Is Seeing A Third Straight Day Of Heavy Selling To Start Friday’s Session
Energy Futures Are Bouncing This Morning After Heating And Crude Oil Futures Carved Out Fresh Multi-Month Lows
KTBS 3 Spotlight on TACenergy Leadership COO Fred Sloan - Sharing Thoughts on Changes in the Gas Market
Social Media
News & Views
View All
Wholesale Gasoline Prices Have Dropped To Their Lowest Levels Since Last Christmas
Wholesale gasoline prices have dropped to their lowest levels since last Christmas, after 3 weeks of selling that will give consumers across most of the country something to be thankful for this week. Crude oil and diesel prices have also come under pressure and are currently holding near technical support levels that look pivotal for price action for the remainder of the year.
One unusual note about this selloff: WTI has slipped into a slight contango with the December contract trading roughly 20 cents less than January, a phenomenon we haven’t seen in over a year. That shift in the price curve follows reports that European refiners are actually oversupplied with crude oil, as traders have done too good of a job preparing for the upcoming embargo on Russian imports. Now that crude oil inventories are filling up ahead of their December deadline, the question is if the same feat can be accomplished for diesel before that ban hits in February.
Right on cue, Kuwait’s new 600mb/day refinery, the largest in the Middle East, continues to slowly bring units online, and reportedly sold its first distillate cargo into the export market this week. While the new refining capacity is certainly welcomed in a world starving for diesel fuel, the challenge will be finding enough cargoes to get that fuel where it needs to go, and tanker rates that are surging as a result.
Meanwhile, while many headlines focused on Qatar not serving beer at the world cup, the country was closing on the longest supply deal in history to supply China with LNG for 27 years. Long term deals are critical in the LNG market that requires billion dollar facilities to be able to freeze the gas before it can be loaded on ships, and as part of the reason the world is essentially “sold out” on new LNG for the next 3-4 years.
Money managers reduced their length in petroleum contracts last week with a combination of new short positions and liquidated longs both contributing to the drop. The total positions held, and the open interest in all contracts continues to suggest there’s plenty of money that’s not playing in the energy arena these days, and whether or not it ever comes back may have a large impact on how prices behave in the coming year.
Baker Hughes reported a net increase of 1 oil rig and 2 natural gas rigs drilling in the US last week. The total of 623 oil rigs is the highest since the pandemic shutdown started in March 2023, but is still 60 rigs lower than pre-COVID levels.
Click here to download a PDF of today's TACenergy Market Talk.
The Energy Complex Is Seeing A Third Straight Day Of Heavy Selling To Start Friday’s Session
The energy complex is seeing a third straight day of heavy selling to start Friday’s session, with WTI once again dropping below $80/barrel and gasoline prices across large parts of the US approaching their lowest levels of the year. ULSD has also given up its relative strength temporarily as time, crack and basis spreads have all come under heavy selling pressure this week, and outright prices dropping below $3.50, which sets up a potential test of the $3.10 range in the coming weeks.
On November 8th, prompt ULSD in New York cost $4.97/gallon, and today will go for around $3.70 as the best cure for high prices is high prices motto played out once again and resupply options from around the world are starting to reach the harbor. It’s worth noting that despite the big drop in New York values, the price to buy space on Colonial’s diesel line, or the other smaller lines moving product North and West, have continued to move higher as it looks like the Gulf Coast will be long distillates for some time as transportation options struggle to keep up with production.
The West Coast has seen a similar phenomenon with gasoline prices over the past 10 days, with LA and San Francisco CARBOB values dropping roughly $1/gallon in the past 10 days after a refinery fire turned out to be a non-event, and run rates in the region have moved to above average levels in the past few weeks.
The forward curve charts below show that the selling in refined products over the past month has been fairly steady across the next 3 years, reinforcing the idea that this pullback has to do with concerns about consumption, rather than an easing of the tight supply situation. Crude oil on the other hand has actually seen values in the outer months tick higher while more current prices have dropped, which could be a sign that refiners may be selling forward cracks (short products/long crude) to lock in values that are historically very high, even if they’re not record setting like we’ve seen this year.
The scramble continues to save an Italian oil refinery that will be forced to close once Europe’s oil embargo on Russian crude takes effect in a few weeks. That refinery has become a microcosm for global energy supplies as Europe desperately needs all the distillate output from the facility, while the plant has also become a notable “loophole” to get Russian oil to the US.
Click here to download a PDF of today's TACenergy Market Talk.
Energy Futures Are Bouncing This Morning After Heating And Crude Oil Futures Carved Out Fresh Multi-Month Lows
Energy futures are bouncing this morning after heating and crude oil futures carved out fresh multi-month lows. The prompt month distillate contract is leading the way higher this morning, trading up over a dime to start the day.
Gasoline prices are exchanging hands 4 ½ cents higher than they settled yesterday. WTI futures are up over $1 per barrel.
Hurricane Ian is dominating both national and industry-specific headlines as it makes landfall in Cuba this morning. Localized flooding, high winds, and a sizeable storm surge are the main concerns of the residents in its path, namely the densely populated Tampa Bay area.
As of now, oil production platform closures and the temporary shuttering of refined product terminals along the storm’s path are the only impacts Ian has had on energy infrastructure.
But prices just came down? There are increasing calls from market participants (investment banks) for OPEC’n’friends to cut back supply in an effort to put a floor under oil prices.
Click here to download a PDF of today's TACenergy Market Talk.