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April 14, 2022

East West Aeronautical and Valorev Capital to build aviation complex

The planned ACX Project is said to be bigger than the existing airline terminal.

US-based private aviation company East West Aeronautical has partnered with Valorev Capital to build an air cargo and aviation complex at the Portsmouth International Airport in New Hampshire, US.

The ACX project would feature rainwater recycling systems and solar energy capturing technology, as well as be built using green building materials.

The proposed project would cover a 465,000ft² area, making it larger than the existing airline terminal.

It will be designed by Loureiro Building Construction, a construction consultant based in New England.

East West Aeronautical senior vice-president Thomas Roy said: “We are working with EWA aviation experts to assure a low carbon footprint that is energy-efficient and sustainable.

“The ACX Project is unique, offering the public multiple aeronautical uses, including air cargo, hangar, Air Force-Navy Museum and aviation offices.”

Valorev Capital managing partner Zakary Levin said: “Valorev is primarily a real estate investor; however, we understand the potential benefit to the community having a second airline and offering more flight destinations from Portsmouth International Airport.

“Adding more business destinations from any city will give residents more options and increase the value of commercial properties in the area.”

Apart from the aviation complex, East West Aeronautical also plans to procure two Airbus A320 aeroplanes to start a cargo airline service at the Portsmouth airport.

The company said that the new aircraft will carry both passengers and cargo, adding that EWA Cargo/Passenger airline is a separate initiative and has concluded a feasibility study.

The project aims to allow residents in Portsmouth and Seacoast to travel to more destinations at lower costs with cargo aeroplanes.

East West Aeronautical Captain Eric Robinson said: “The idea of passengers on our cargo aeroplanes doesn’t mean you have to sit on boxes.

“Cargo on the upper cabin deck is behind a bulkhead partition. Other than the passenger compartment having fewer rows and more legroom, the passenger doesn’t know any difference.”

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