THE backers of a flight school for Chinese students at Frogs Hollow, south of Bega, are positive the plans will come to fruition, despite the deadline on land acquisition approaching.
Corporate consultant for Sports Aviation Australia Norm Boyle said the company has signed an option to purchase the land at Frogs Hollow airfield, which expires on June 30.
No progress has yet been made on a purchase date or development application, but Mr Boyle said a Chinese investor inspected the property recently “and absolutely loved it”.
“We have three other serious interests who haven’t had an inspection yet as well,” he said.
SAA planned to have up to 10 “squadrons” of 36 student pilots each on site, with the first intake by the end of this year.
However, the search for investors continues and a DA is yet to be lodged with the Bega Valley Shire Council.
“We may not meet what was admittedly an ambitious timeframe, but we are getting there, and that is very exciting,” Mr Boyle said.
“The pre-development plans are through council already and they were happy with what’s included.
“Eventually with 10 squadrons, we will have 200 people employed here.”