SPACEPORT AMERICA SHOULD BE FINANCIALLY SOLVENT BY 2019. THAT’S THE PREDICTION FROM THE NEW C-E-O DANIEL HICKS. HICKS SPOKE BEFORE THE FINANCE AUTHORITY OVERSIGHT COMMITTEE LAST FRIDAY. HE SAYS BUSINESS IS GROWING FOR THE FACILITY. HE SAYS THEY HAVE FIVE PERMANENT AEROSPACE TENANTS.
HICKS TOLD THE COMMITTEE THAT THEY’RE ABOUT 71 PERCENT FINANCIALLY SOLVENT THIS YEAR. AN INCREASE IN RENTAL PAYMENTS BY VIRGIN GALACTIC WILL HELP THE SPACEPORT’S BOTTOM LINE WITHIN A FEW YEARS.
