Clay Lacy Aviation, a private jet operator, has sold out the space for its upcoming 40,000 ft² hangar at Waterbury-Oxford Airport (KOXC) in Oxford, Connecticut.

The new hangar, set to open in early 2024, represents a $20 million investment to meet market demand for aircraft hangar storage in the Northeastern United States, according to Clay Lacy Aviation. The facility’s first phase of development includes a new FBO passenger terminal, executive offices and hangar space large enough to accommodate ultra-long-range jets such as the Bombardier Global 7500.

While commitments for the first hangar have been filled, reservations for its next two hangars are available as construction is currently underway.

“We considered aircraft owners’ needs first and foremost when developing this project,” said David Blackburn, SVP for fixed-based operations at Waterbury-Oxford. “The overwhelming response has shown that aircraft owners and flight departments have been searching for space to accommodate both current and future aircraft models, and a tailored aircraft storage solution that allows maximum protection and access for clients.”

Each hangar will be equipped with 29-ft. doors, with enough interior space to allow corporate flight departments to store two or more aircraft in the same space. According to Clay Lacy, the large hangars are designed to keep pace with the growing wingspan of newer aircraft.

“This investment in Connecticut expands and enhances all the services Clay Lacy provides,” Blackburn said.