The lease is more than a revenue source, but also an incentive to keep Terre Haute International Airport's air traffic control tower secured.
The pilots will be supported by a ground crew at Purdue that will help monitor weather conditions.
The proposed ISU Aviation Academy would open to students in the fall of 2013 pending approval by the board of trustees.
But economic experts say the report may overstate the benefits the aviation industry brings to the state.
Construction of a $1.6 million runway expansion at Kokomo’s airport was jeopardized because of the FAA shutdown
Geologists were called in to test three sink holes, one as big as a house, to see how much work needs to be done under the airport runways.
A restored 1929 Ford Tri-Motor airplane, one of just two such planes in regular service, will fly history buffs over Bloomington this weekend.