FORT WORTH-A company owned by Fort Worth financier Robert Bass plans to renovate a historic airline hangar, which originally housed the company that would become American Airlines.

The 80-year-old hangar and two-story administration building, which is listed on the National Register of Historic Places, will house Bass' private planes and aviation group, according to a report in the Fort Worth Star-Telegram.

Last year, Bass-owned the Keystone Group acquired the assets of Atlantic Aero, a fixed-based operator that had been leasing the hangar from the city. Bass' FW American Aero now has a long-term lease on the property and is updating the building's interior and the hangar to accommodate larger modern planes, Hebert said. The historic building is located at the city-owned Meacham Airport

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.