ERLANGER, Ky. — The Cincinnati/Northern Kentucky International Airport (CVG) and Miami University announced that they have finalized an agreement regarding a new structure for the management and operations of the Miami University Airport (OXD).
The agreement stipulates that Miami will continue to own the OXD Airport, as well as the 300 acres on which it is located. CVG will manage and operate the facility, which will remain a general aviation airport that supports corporate flights, flight training, and recreational flights. The term of the lease and operation agreement is for five years, renewable for five additional five-year terms.
The agreement has been contemplated for several years, stemming from collaborations between CVG and Miami around university engagement in the airport business and aviation-related innovation.
The agreement between CVG and Miami is pending concurrence by the Federal Aviation Administration.