Landmark Joins the Crowd at Teterboro Airport
Landmark Aviation announced on Thursday that it has made its entrée into one of the top business airports in the U.S. The Houston-based FBO chain, which was recently sold to previous owner the Carlyle Group, has purchased Teterboro Airport-based First Aviation Services from Goldman Sachs for approximately $100 million, according to sources familiar with the deal.
The facility, the newest on the bustling airfield, offers a 15,000-sq-ft terminal with crew lounge, snooze rooms, fitness center with showers, flight planning area, courtesy vehicles, 120,000 sq ft of hangar space and 480,000 sq ft of ramp space, as well as a 150,000-gallon capacity fuel farm. Upstairs, the facility has a NetJets owners lounge, and according to a spokesperson for the fractional provider, the location will remain as its preferred provider at Teterboro.
Along with the FBO, Landmark also acquired First Aviation’s maintenance operation. The acquisition, which is expected to be finalized by the end of the year, leaves Meridian as the last independent FBO services provider at Teterboro, which is also home to Signature, Atlantic and Jet Aviation facilities.