TAC Air Names Dallas Love Field FBO General Manager
Occupancy, construction and facility plans take shape to reflect the iconic presence of the Braniff Centre on Love Field's East side.
DALLAS, Jan. 30, 2019 /PRNewswire/ -- Completing one year of redevelopment efforts, and on schedule for its summer 2019 opening, TAC Air at the Braniff Centre located at 7701 Lemmon Avenue on the East side of Dallas Love Field airport is shaping up to be the anticipated premier FBO of Dallas.
Demand for hangar space has been very strong in preparation for opening summer 2019. TAC Air has secured leases for the original 120,000 square feet of hangar space that was part of the Braniff Airlines Operations and Maintenance Base.
"Phase two development of new hangar space is currently in the development and design stage in order to accommodate further interest from parties wishing to base at the newly renovated facility," said Greg Arnold, CEO and Chairman of TAC – The Arnold Companies, parent company of TAC Air.
"We are excited about completing original hangar tenant commitments six-months in advance of opening. Getting started on the expansion hangars will allow for additional interest in the facility, including transient and tenant opportunities at TAC Air – DAL and the Braniff Centre," continued Arnold.
As a part of the strategic plans leading to this summer's opening, TAC Air has named the new General Manager for the TAC Air - DAL Fixed Base Operation (FBO) at the Braniff Centre. Industry and TAC Air veteran, Kip Simanek, with over 38 years of aviation experience, will lead the team of Associates and oversee operations, sales, hangar management and client services.
Simanek is relocating to Dallas this spring from Little Rock, Arkansas where he has managed the operations of TAC Air – LIT for the past four-and-a-half years. Prior to Little Rock, Simanek led the operations as General Manager at TAC Air – LEX in Lexington, Kentucky and TAC Air – OMA in Omaha, Nebraska serving 20 years as a TAC Air General Manager.
His experience in aviation began in the Air Force when he served as an Avionics Technician and in the general aviation sector with Sky Harbor FBO in Omaha, Nebraska moving up to Avionics Department Manager before being named GM of TAC Air – OMA in August 1998.
"Kip's operations leadership at TAC Air – LIT has grown a distinguished facility and ground services. He will bring his experience of leading facility construction and ground operations with him to Dallas to establish TAC Air - DAL the premier FBO at Love Field," said Christian Sasfai, Vice President and COO of TAC Air.
Included in the current phase of construction, retail tenants are in discussion for the renovated space of the Braniff Centre upon completion of the project. The retail space, managed by Lincoln Property Company, will wrap up lease negotiations this spring. Several businesses are planned to join the site and will be in place later in 2019.
The Braniff Centre, originally known as the Braniff Airlines Operations and Maintenance Base, will be transformed into more than 250,000 square feet of high quality hangar space and prime aviation support facilities. Accompanied by 100,000 square feet of retail, restaurant, offices, an auto-dealer showroom, entertainment venues, hospitality facilities and archives of its original tenants, Braniff International Airways. The Braniff Centre, located on Dallas Love Field's east-side, along Lemmon Avenue will be a destination for surrounding neighborhoods as well as Dallas' sophisticated travelers.
The TAC Air - DAL FBO (fixed base operation) at the Braniff Centre will feature amenities such as, controlled access to 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.
About TAC AirTAC 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 U.S. 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.
Learn more 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.
CONTACT: Tad W Perryman, VP Marketing214-538-5475 [tperryman@tacair.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.