VNY tenants declare an ‘economic state of emergency’

Tenants at Van Nuys Airport (VNY) in Southern California — the largest GA airport in the country — have requested relief from increasing rental rates and charges that have contributed to job losses at the airport and left many businesses struggling to survive.

An independent survey conducted by the Valley Industry and Commerce Association of 15 major aviation companies at VNY indicates a net loss of 383 jobs since December 2007, a 41.21% decrease. Since the survey reflects job losses mainly among VNY’s major tenants, the actual percentage of employees lost due to downsizing and relocation at small- and mid-size businesses is projected to be even more alarming, association officials said.

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