FBO chain Landmark Aviation has expanded the presence of its FBO at Abraham Lincoln Capital Airport in Springfield, Ill., with the acquisition of the assets of competing FBO First Class Air. This doesn’t change Landmark’s total FBO count, which remains at 42 facilities in the U.S., Canada and Europe. “This acquisition will make our presence stronger in the Springfield market,” said Dan Bucaro, Landmark’s president and CEO.
Charter/management and FBO company Key Air has adopted the Key Air name for its three FBOs in Oxford, Conn.; Blaine, Minn.; and Fort Pierce, Fla. The facilities used to be branded as Keystone Aviation Services. All the locations provide FBO and concierge services, aircraft maintenance and refurbishment, gourmet dining, Key Share fractional ownership, aircraft management and charter.
The Bracamonte family sold the historic Jimsair Aviation Services FBO at San Diego International Airport to Landmark Aviation on July 18, bringing the Landmark chain to 42 FBOs. General manager John Bracamonte is staying on during the transition period until Landmark hires a new manager. Bracamonte’s grandfather opened the FBO in 1950, and John has been involved with the family business during the past 20 years.
Rob Garrett is not out to take on the large FBOs that populate many of
the nation’s airports. Rather, the former housewares entrepreneur wants to entice corporate and Part 135 operators to base their airplanes at his Arcadia Aviation FBOs, now located at Martinsburg Eastern West Virginia/Shepherd Field (MRB) and Sullivan County International (MSV) Airport in Monticello, N.Y.
Landmark Aviation has added Jimsair Aviation Services, located at San Diego International Airport, to its network of FBOs. The acquisition brings the number of Landmark FBOs to 42, with locations in the U.S., Canada and Western Europe. In March, Encore FBO, GTCR Golder Rauner and Platform Partners acquired Landmark Aviation’s Airport Services division from Dubai Aerospace Enterprise.
Even before last month’s terrorist attacks, FBOs faced formidable business challenges. Those challenges may have changed significantly in the past few weeks, but they have not disappeared.
Encore FBO and its financial backers, GTCR Golder Rauner and Platform Partners, finalized the purchase of Landmark Aviation’s Airport Services Division from Dubai Aerospace Enterprise on March 3. The purchase adds 33 FBOs to Encore’s eight, bringing the new chain to 41 facilities, all now branded under the Landmark Aviation name.
DAE Engineering and Manufacturing is in the maintenance business for the long haul, CEO Rob Mionis told AIN. “We realize a lot has transpired in the past eight months and we’d like to clarify DAE’s position. Our strategy is to find high-quality assets so we can grow through acquisitions and as a result of internal growth.”
It seems that not a week goes by without an FBO company announcing either the acquisition of more FBOs or a one-FBO company buying half a dozen more FBOs to establish its own growing chain. Witness, for example, Volo Aviation’s rapid accumulation of five bases, when just last year the company had one FBO to supplement its primary charter business.
The completion on Monday of Encore FBO’s $436 million purchase of the Landmark Aviation FBO and charter business from Dubai Aerospace Enterprise caps a series of acquisitions that have seen FBO chains grow to new heights. Encore is rebranding its eight FBOs and its now 41-facility chain as Landmark Aviation, which also includes aircraft sales, charter, parts and maintenance businesses, as well as Encore’s military fuel-supply operation.