The Wyoming Supreme Court issued a ruling today that affirmed the District Court of Teton County, and held that the Jackson Hole Airport Board may use revenue bonds to purchase the assets of Jackson Hole Aviation, the Airport’s fixed based operator.
In November 2017, the Board decided that its purchase of FBO assets was in the best interest of the Airport and community. The Board found that due to its location within a National Park, the area available for general aviation was limited.
Having more than one FBO operating at the Airport would result in inefficient ramp operations and duplication of facilities. These and other factors lead to the Board’s decision to purchase the assets and operate the FBO at the Airport.
The lawsuit, filed by Wyoming Jet Center LLC and others, has held up the Airport Board’s purchase for almost two years.
Agreeing with the Teton County District Court, the Wyoming Supreme Court stated that the Airport Board acted appropriately and within its authority in 2017, when it decided to purchase both tangible and intangible FBO assets using revenue bonds.
Photo: Jackson Hole Airport
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