Industry consultant Michael Dye has released a handbook on the ins and outs of selling an FBO. The FBO Consultants Guide, How to Sell Your FBO or General Aviation Business details the considerations involved in the decision to sell, and the steps a prospective FBO seller should go through to value and price the business properly.
Airports, Heliports and FBOs » FBOs
New developments at FBOs including regulations and noise issues; legal disputes; openings, acquisitions and mergers.
Now embarking on its second year of existence, the UVair FBO network has added its 20th member. Great Circle Flight Services at Alaska’s Ted Stevens Anchorage International Airport is a primary fuel stop for corporate aircraft transiting between the Far East and North America. “We are pleased to align Great Circle with a dynamic partner who understands the importance of Anchorage as a global crossroads,” said Great Circle president Justin Charon. The FBO opened in 2005 and provides 24/7 service.
Charter and management operator Hangar8 expects to open a new FBO on the island of Jersey in early 2015. The UK-based group’s CEO, Dustin Dryden, told AIN that the year-long construction project is slated to begin in the offshore tax shelter by the start of next year. Dryden indicated that Hangar8 is exploring plans to expand into the FBO sector.
The airport-owned FBO at DuPage Airport is expected to complete its extensive upgrade this month. The 20-month project at the DuPage Flight Center cost approximately $4.2 million and will substantially improve the functionality and aesthetics of the structure as well as improve its safety and convenience, according to the airport authority. Among the improvements at the 63,000-sq-ft West Chicago facility are new customer entrances, crew lounges, on-site car rental, new U.S. Customs facilities, a new meeting room and upgrades to the reception area.
Air BP has added fueling services for general and business aviation aircraft at two Spanish airports. At Palma de Mallorca’s airport, Air BP’s joint venture with Spanish fuel supplier SCLA will serve the island’s largest FBO, Mallorcair, 24 hours a day with dedicated Air BP staff and expanded refueling equipment. The company’s new installation at Don Quijote Airport near Toledo is GEN500 approved and JIG certified and is staffed by Air BP-trained employees. Both locations will accept the Air BP Jet Sterling Card.
Bristol Flying Centre (BFC), the recently expanded FBO at Bristol Airport, has received authorization from the UK Department for Transport to handle all charter flights from its new facility. Previously, the location could not handle charter aircraft of more than 22,000 pounds unless they were privately owned. The company’s management worked with airport officials to earn the authorizations to ensure the appropriate level of security for all private aircraft movements.
Fuel management software provider Fuelerlinx has spawned a sister company: FBOlinx. The new company allows FBOs to broadcast their fuel prices to their flight department customer base. Instead of posting a uniform price online and waiting for customers to contact them, FBOs using the new system can send confidential quotes directly to customers. Prices can be tailored to meet a flight department’s fuel-use profile for a more streamlined and personalized process.
Signature Flight Support has expanded its operations at New York’s Westchester County Airport (HPN) with the $38.5 million acquisition of privately owned Jet Systems, one of five FBOs on the field. Formerly Avitat Westchester, the FBO has operated at the airport for 20 years, and its purchase will significantly increase Signature’s presence at HPN and give it locations on both sides of the field, while leaving Panorama Flight Service as the dual-use airport’s last independent FBO.
Jet Aviation has extended its facilities at Berlin Tegel International Airport to include a new customer lounge and crew briefing offices at Tegel’s general aviation center. The expansion is in response to customer demand for full ground-handling services at Tegel, it said. The company opened its Berlin FBO in February to provide FBO services at Schönefeld and Tegel International Airports. The new customer lounge and crew briefing offices at Tegel are in addition to Jet Aviation’s existing crew and passenger lounge and operations office at Schönefeld.
Business aircraft operators and pilots weary of the high cost of flying into Los Angeles International (LAX), noise restrictions and curfews at Van Nuys and Burbank, or the un-welcome mat represented by Santa Monica’s higher landing fees can find respite in a hidden gem in the Los Angeles metroplex, Jack Northrop Field/Hawthorne Municipal Airport and its FBO, Jet Center Los Angeles. The airport is located about two miles east of LAX.