Google subsidiary to run nearby federal airfield

A Google subsidiary has been picked to run and renovate a federal airfield that is frequently used for the personal flights of the company's top executives.

The decision announced Monday clears the way for Google's Planetary Ventures LLC to take over management of Moffett Federal Airfield from NASA's Ames Research Center. The airfield is near the Internet company's Mountain View, Calif., headquarters.

Financial terms still must be worked out.

As part of the deal, Google Inc. must renovate the airfield's three hangars, including one that is a local landmark. Google also will upgrade a golf course next to the airfield.

A fleet of aircraft owned by Google executives Larry Page, Sergey Brin and Eric Schmidt has been flying out of Moffett for years.