AFCO ANNOUNCES ACQUISITION OF AVPORTS NAME AND SEVEN AIRPORT MANAGEMENT CONTRACTS

McLEAN, VA: Aviation Facilities Company, Inc. (AFCO) announced today that it has completed the acquisition of the trade name and assets of AvPORTS, which includes seven U.S. airport management contracts, from Macquarie Aviation North America, effective January 1, 2009.

The assets being acquired by AFCO include management contracts to manage the airports on behalf of local governments at Albany International Airport (ALB) in Albany, New York; Atlantic City International Airport (ACY) in Atlantic City, New Jersey; Republic Airport (FRG) in Farmingdale, New York; Stewart International Airport (SWF) in the City of Newburgh and the Town of New Windsor, New York; Teterboro Airport (TEB) in Teterboro, New Jersey; Tweed-New Haven Regional Airport (HVN) in New Haven, Connecticut; and Westchester County Airport (HPN) in White Plains, New York.

“We are very excited about our acquisition of the AvPORTS assets”, said Francis X. Chambers, Jr., President and CEO of AFCO. “AvPORTS is a well respected company with a terrific management team that is rich in history and will complement AFCO as it continues to grow and expand its aviation business”.

AvPORTS originated more than 80 years ago as Pam Am World Services, a division of Pam American Airlines and in subsequent buyouts has operated under the name of Johnson Controls World Services and American Port Services. AvPORTS is currently one of the largest private airport management companies in the U.S. with more than 500 employees.

AFCO is a leading developer and manager of airport infrastructure in the United States, operating over 8 million square feet of on-airport cargo warehouse and apron space, fixed based operations, ground support equipment facilities, hangars and off-airport parking. AFCO has financed close to $500,000,000 of facilities and operations at 29 airports, including Albany; Austin; Bakersfield, California; Baltimore-Washington; Chicago Midway; Dallas-Ft. Worth; Dayton; Detroit Metro; Hartford, Connecticut; Houston Intercontinental; Indianapolis; Jackson; Jacksonville; Kansas City, Missouri; Los Angeles; Louisville; Orlando; Peoria; Philadelphia; Pittsburgh; Providence; Reading, Pennsylvania; Richmond; Rickenbacker, Ohio; Seattle-Tacoma; and Washington Dulles International Airports. In a joint venture, AFCO developed an apron and taxiway at London Luton Airport and is a minority owner of Coventry International Airport, both in the UK. AFCO is also the lead developer and a minority owner of the first privately funded commercial airport in US history in Branson, Missouri, which is currently under construction and scheduled for completion in May, 2009.

Contact: Chuck Stipancic, Executive Vice President & COO
703-902-1187
cstipancic@afcoinc.com