Paulding Northwest Atlanta Airport last week was renamed Silver Comet Field as part of an agreement signed last fall with New York-based venture capital firm Propeller Investments, said Airport Director Blake Swafford.
“They are essentially our economic development out here,” he said. “All they do is aviation and aerospace.”
Swafford said airport officials see the company being able to attract more aerospace-related companies to the area.
“They have set a goal of [creating] 2,000 to 3,000 jobs in the first five years,” he said.
Propeller also is considering bringing one or two commercial flights daily to the airport off Rockmart Highway, Swafford said. The airport could only handle planes with capacities for 100 to 150 passengers, he said.
Brett Smith, managing director of Propeller, said the company is hoping to announce a carrier by the end of the year. The company is working to secure the necessary Federal Aviation Administration and Transportation Security Administration approvals to provide the service.
Smith said Paulding officials approached his company about the agreement after a similar plan in Gwinnett County failed.
The pact states Propeller will pay Paulding County $250,000 a year in rent plus 2.5 percent of revenue.
The company has to occupy all available space in the terminal in five years to keep its lease. It is a 20-year lease with an option of two 10-year extensions.
However, Delta Air Lines chief executive Richard Anderson said his company — the major tenant at Hartsfield-Jackson International Airport — will oppose any Federal Aviation Administration grants for commercial flights in Paulding, according to an Atlanta area newspaper.
Swafford said they are entitled to their opinions.