The City of Amarillo has approved a lease agreement that will keep the Fixed Based Operator at Rick Husband Amarillo International Airport in place until the year 2049.

During its last meeting council members voted 5-0 in favor of a replacement lease agreement for Truman Arnold Companies (TAC Air) to serve as the airport’s FBO, providing all ground handling services and aircraft fuel sales to general aviation and military traffic.

Officials said in additional to fuel sales, TAC Air provides into-plane services, categorized as transfer of fuel from a central fuel farm to aircraft, for all commercial airlines at the airport and leases hangar space to general aviation tenants and aircraft maintenance providers.

Included in the lease agreement, which expires Dec. 31, 2049, is the requirement for TAC Air to build a new executive terminal building with a value of at least $1 million, as well as the option to extend the lease for an additional 15 years if TAC Air invests an additional $1.5 million over the term of the agreement. The lease also outlines the requirements TAC Air to operate the FBO, details the rates and charges the firm is able to charge customers and establishes a new payment rate schedule.

“TAC Air is a great partner,” Amarillo City Manager Jared Miller said. “They’ve done great work and we recognize the construction of the new terminal building will help to enhance our airport as an attractive destination. We’re looking forward to continuing our partnership.”

TAC Air has been operating at the airport since 1993, officials said, becoming a frequent stop for military and private aircraft making mid-continent fuel stops while boosting the airport and local economy. According to the company’s website, the firm has FBO venues in 14 cities and has been recognized in Professional Pilot magazine as the top ranked FBO chain in 2006 and 2011. The firm said it offers award-winning ground services, quick turns and the most competitive prices on Jet-A and 100LL aviation fuel.