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Committee forwards SFO lease extension with sustainability upgrades for Signature Flight Support
Summary
The committee forwarded to the full Board a lease modification extending Signature Flight Support's fixed base operations at SFO through 2025, requiring sustainability improvements including solar covered parking, EV chargers and low‑emission fuel trucks; the committee recorded unanimous support.
Airport staff asked the committee to approve Modification No. 2 to a fixed base operator lease with Signature Flight Support LLC, extending the term by three years (Oct. 1, 2022 through Sept. 30, 2025) and projecting a first‑year minimum annual guarantee in the range of $16.2 million.
SFO staff said the modification requires Signature to complete sustainability improvements including installing at least 55 solar‑covered parking stalls, adding electric vehicle charging stations, offering sustainable aviation fuel, and replacing fuel trucks with lower‑emission models. Staff noted Signature—s existing mag is above nationwide comparables and that staff believes a new RFP would not yield higher rent under current market conditions.
The Budget Legislative Analyst summarized the lease extension and sustainability obligations; there were no public callers and the committee voted to forward the item to the full Board with a positive recommendation.
