Triple Five Worldwide

With Riverhead’s nod, CAT set to soar in Calverton

By GREGORY ZELLER // A development team with big plans for a reinvigorated Long Island aerospace industry spread its wings Wednesday night, soaring straight toward its long-desired nest. Calverton Aviation & Technology, a 2017 LLC formed by partners Luminati Aerospace and Triple Five Worldwide Group, was deemed “qualified and eligible” by the Riverhead Community Development Agency, clearing the runway for a $40 million, 1,643-acre purchase agreement previously negotiated by Luminati and the Town of Riverhead….

EPCAL delay diverts Luminati VTOL to upstate landing

By GREGORY ZELLER // An aerospace company looking to make a splash in the emerging field of solar-powered flight has reached back through the decades to power up an ambitious new division. Over the last year, Calverton-based Luminati Aerospace has gobbled up entire helicopter-manufacturing firms, and key assets from several other rotor-based companies, including Gyrodyne LLC (formerly Gyrodyne Company of America) and Rotor Flight Dynamics. These acquisitions of companies, designs and manufacturing rights are the…

Brookhaven IDA backs Triple Five’s Dowling plan

By GREGORY ZELLER // A New Jersey-based developer with high-flying plans for a new Long Island aviation hub has earned an assist from the Town of Brookhaven Industrial Development Agency. The IDA on Tuesday announced its final approval of an economic-incentives package that will help Triple Five Aviation Industries LLC, a subsidiary of East Rutherford-based Triple Five Worldwide Group, redevelop the former Dowling College campus in Shirley into what the development agency called an “aviation…