x Nashua 93 Perimeter Road
. Airport Nashua, New Hampshire 03063
. - 3) 881-5415
SOIRE FIELD Tel (603) 882-0661 - Fax (603)
May 27, 2022
City of Nashua
Board of Alderman
Honorable Lori Wilshire, Chair
229 Main Street
Nashua, New Hampshire. 03060
Thank you for this opportunity to present to the Board a summary of our operations and current
projects. This letter is to summarize certain financial and operational activity during this fiscal
year and the current financial position of the Nashua Airport Authority (“NAA”).
Summary of Financial Position and Operating Results:
The NAA has reported an operating surplus essentially each year, requiring no
borrowing or other outside Municipal funding. As summarized below in Exhibit A,
the NAA has an operating Budget of about $640,000 per year and employs a total
of four full time employees, including Chris Lynch, the Airport Manager.
Operating Revenuc is primarily generated from long-term Land Leases plus annual
Fuel Flowage fees, Aircraft tie-down rentals. Additionally, Aircraft Registration
fees paid by aircraft owners to the State of New Hampshire. of which the NAA
receives 25% of those fees from the State for aircraft based at Nashua.
There are 159 hangar units owned by various private owners. There are
approximately 250 aircraft, including about 15 Corporate aircraft based at Nashua
Municipal Airport (“KASH”). The Tenants ; Lessees on Airport Property return
approximately $800,000 per year in the form of property taxes to the City.
