Australian Company To Buy Las Vegas FBO

 - July 23, 2007, 10:01 AM

Macquarie Infrastructure of Sydney, Australia, entered into an agreement to pay $59 million to purchase Las Vegas Executive Terminal, one of two FBOs at McCarran International Airport. The acquisition, subject to government and shareholder approvals, will expand the company’s U.S. aviation holdings. When the acquisition is completed, Las Vegas Executive will be integrated into the firm’s Atlantic Aviation FBO chain. Last year, Macquarie bought FBOs at Palm Springs and John Wayne Airports in California and also folded them into its chain of then 10 Atlantic Aviation FBOs. Before the Atlantic transaction, the company already owned the five FBO AvCenters. Macquarie has announced no decision about whether it will fold the AvCenters into the Atlantic chain. In addition, Macquarie’s AvPorts unit manages the East 34th Street Heliport in New York and the following airports: Atlantic City International, N.J.; Republic in Farmingdale, N.Y.; Tweed New Haven, Conn.; Teterboro, N.J.; and Westchester County in White Plains, N.Y