The Wichita City Council approved tax breaks worth nearly $6 million total to two local aviation manufacturing companies: Lee Aerospace and Diversified Services.
The tax breaks — called economic development exemptions — for Lee Aerospace are estimated to cost local taxing jurisdictions more than $5.6 million over the next 10 years while the incentives for Diversified Services have an estimated value of $340,000 during that time.
Lee Aerospace, founded by Wichita entrepreneur Jim Lee in 1989, specializes in aircraft windows, which it sends to major aircraft manufacturers including Textron, Boeing and Bombardier…