CABINET NOTES: The Cabinet invited the Director of Signature Flight Support Services who provides a Fixed Base Operation (an FBO) to make a report on the replacement building that it wishes to construct on vacant land near Runaway 10.
The land is the Crown’s and the FBO is seeking to purchase it and to have concessions granted.
The Cabinet considered a long-term lease and concessions that would be in keeping with constructing a new enterprise.
Each month, the FBO makes a considerable payment to the Inland Revenue Department (IRD) in order to satisfy corporate tax liability which is assessed annually. The IRD regards Signature as a good corporate citizen.
