Business Highlight - Fort Lauderdale Executive Airport
By: MIASF Staff
Date posted: Nov 18, 2020 Wed
The Fort Lauderdale Executive Airport (FXE) is located in the heart of the City’s Uptown Business District, just minutes from downtown Fort Lauderdale. Owned and operated by the City of Fort Lauderdale, Executive Airport serves a variety of general aviation needs including aircraft refueling and parking, corporate aviation, air ambulance, air charter, maintenance, avionics, flight training, and aircraft refurbishing.
Fort Lauderdale Executive Airport features an array of outstanding amenities including a 24-hour FAA Air Traffic Control Tower, U.S. Customs and Border Protection facility, 24-hour Aircraft Rescue and Firefighting services, 24-hour airport security, a Fort Lauderdale Police Substation, and four Fixed-Base Operators (FBOs) that provide fueling, maintenance, aircraft hangars, and other aviation and related services to aircraft operators and their passengers.
Totaling approximately 1,000 acres, the Airport oversees the administration of land leases, development of airport property, as well as operates, maintains, and promotes the Executive Airport, Airport Industrial Airpark, and the Fort Lauderdale Downtown Helistop (DT1), which serves as a multimodal connection to and from the downtown business area. In addition, Executive Airport administers and promotes the City of Fort Lauderdale’s Foreign-Trade Zone-241, which offers numerous economic benefits and advantages to companies involved in export/import.
FXE is self-sustaining, using revenues generated from land leases and fuel flowage fees to fund operational costs. Surplus revenue is used as matching funds for capital improvement projects and to leverage state and federal grants.
According to the Florida Department of Transportation's 2019 Statewide Economic Impact Study, the Executive Airport supports 12,708 jobs, with a payroll of $578,721,000 benefiting the local economy/residents. The combined direct, indirect and multiplier factors of the economic impact study for FXE was reported to be $2,091,276,000 annually. Executive Airport and Airport Industrial Airpark tenants pay approximately $4 million in taxes each year. These two facilities combined comprise the City’s second largest taxpayer.
More than 200,000 visitors arrive in the area each year through Executive Airport. Executive Airport ranks as one of the busiest general aviation airports in the country with more than 172,000 annual operations. It is the busiest U.S. Customs facility for clearing international arrivals of general aviation aircraft and passenger.