Construction Today 2018 - Volume 16, Issue 3 - 147
ports de Montreal real estate team was instrumental in the success of
this development and have been leaders in advancing airport security
and modernizing their facilities to accommodate staggering growth."
Increasing Air Traffic
Aeroterm has more than 25 years of experience in working with
airports and tenants specializing in air cargo operations and other
airport-related activities. In the past 10 years, the company has seen
an increase in air cargo and passenger traffic volumes.
"I'd say that business has really picked up over the last 10 years,"
Lachambre says. "But the last five years have been particularly
active as passenger growth, as well as the growth of e-commerce,
perishables and other flown freight has significantly outpaced
Apart from the recession in 2009, air traffic passenger demand has
increased 5 percent to 8 percent annually in the last 15 years, according to Statista.com. On a global scale, passenger air travel is expected
to maintain positive growth rates for many years into the future.
"We don't see that trend slowing down," Lachambre says. "People
are traveling more and more, be it for work or leisure, and this is all
imposing redevelopment requirements for airports who must deal
with that additional flow of people."
It is expected that the global aviation industry will reach up to
$38.4 billion in profits in 2018, up from only $8.3 billion in 2011,
according to Statista.com.
development of Cargo Dorval, the beginning of the modernization
of the air cargo facilities at Montreal's Dorval International Airport.
Aeroterm was incorporated shortly after the decentralization of the
Canadian Airport system and the transfer of the airports to regional
At that time, Aeroterm acquired the existing cargo and service
buildings at Dorval and Mirabel and undertook a redevelopment
program to modernize and improve all on-airport facilities including air cargo in earnest.
Working with the airport authority, the company developed and
rehabilitated an industrial village, including relocating air cargo
tenants from one airport to the other with minimal disruption of
With this experience, Aeroterm began to expand its portfolio of
specialized airport facilities by building relationships with tenants
and airport authorities throughout North America.
Last year, the company completed a new, state-of-the-art $10 million dollar cargo and logistics warehouse at Edmonton International
Airport in Alberta, Canada.
The new 50,000 square-foot cargo facility, which opened in October 2017, is the third building owned by Aeroterm at Edmonton. The
four tenants at this new facility include Gate Gourmet, Swissport,
Sky Café and Airport Terminal Services. Notable features include
vehicle maintenance pits, wash bays, a clear-span warehouse, direct
airside access and proximity to the passenger terminal.
In November 2017, Aeroterm received approval from the Port
Authority Board of Directors to begin working on a new state-of-theart, 346,000-square-foot cargo-handling facility at John F. Kennedy
The facility, along with approved taxiway upgrades to be completed by the Port Authority, represents the first phase of the modernization of air cargo operations at JFK. The project includes a minimum
$70 million investment associated with the new cargo facility and
$62.2 million to rehabilitate and upgrade two taxiways.
This project is part of the port authority's broader plan to upgrade efficiency and enhance cargo operations at JFK. Ultimately,
cargo operations will be consolidated in a more convenient location at JFK and efficient road access to off-airport cargo operations
will be incorporated.
According to a media release from New York Governor Andrew
M. Cuomo, more than half of JFK's cargo buildings are more than 40
years old and do not meet current industry standards. That includes
the two underutilized warehouses that will be demolished by
Aeroterm on the site of the proposed new facility.
Adding this new project to Aeroterm's existing facilities at JFK
brings the company's estimated total investment in the airport to
more than $200 million.
Aeroterm does a lot of business in Canada - where the company
got its start. The company's roots go back to the late 1980s and the
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