Encore FBO and private-equity firm GTCR Golder Rauner on November 22 entered a joint definitive agreement to acquire Landmark Aviation’s FBOs from Dubai Aerospace Enterprise Aviation Holdings. The $436 million transaction is “subject to adjustment as provided in the purchase agreement,” according to a disclosure filed publicly by Dubai Aerospace Enterprise Aviation Holdings on December 13.
Last month, three separate major FBO deals were announced involving four heavy-traffic business-aviation locations. Atlantic Aviation will acquire two new leaseholds in California–the former Newport Jet Center at John Wayne Airport-Orange County (SNA) and the former Million Air at Palm Springs (PSP).
Located approximately 25 nm northwest of downtown Detroit and 12 sm from DaimlerChrysler’s North American headquarters, Oakland County International Airport (PTK), aka Pontiac, has become to Detroit what Scottsdale is to Phoenix–the premier corporate aviation airport in the area. With three runways, the longest at 6,200 feet, Pontiac can accommodate aircraft up to the size of Boeing 757s.
Ross Aviation and Centre Partners have announced their entry into the FBO market with the acquisition of Denver Air at Jefferson County Airport in Broomfield, Colo.
At the end of last month, Macquarie Bank of Sydney, Australia, entered into an agreement to purchase Executive Air Support, the Dallas-based group whose sole business is Atlantic Aviation. The transaction is valued at US$238 million. Combined with the five FBO AvCenters already owned by Macquarie, the deal for the 10 FBOs will triple the number of Macquarie-owned aircraft-service operations in the U.S.
Next year a new Million Air FBO is slated to open at San Bernardino International Airport in California. Construction is scheduled to begin in December. Million Air San Bernardino is being built on the northwest corner of the airport and features a 32,000-sq-ft hangar, a 40,000-sq-ft executive terminal and support facility and 10 acres of ramp space. The FBO’s fuel farm will be completed after the FBO is finished.
Ken Allison, owner of a growing chain of Million Air FBOs, has added a seventh facility to his stable, Million Air Charleston at South Carolina’s Charleston International Airport. Groundbreaking for the new Million Air FBO facility took place last year, and the facility opened late last month. The new FBO offers a spacious atrium lobby, technologically advanced conference rooms and separate entrances and shop space for based customers.
Million Air president and CEO Roger Woolsey and partner FlyingGroup celebrated the opening of the Million Air FBO at Paris Le Bourget Airport. FlyingGroup is a European charter/management and handling company with bases in Paris and Antwerp and will continue to operate its charter/management business at the new Million Air FBO at Le Bourget.
European business jet operator FlyingGroup has teamed up with fixed-based
operator Million Air at Le Bourget’s new business aviation terminal.
Old favorites and new names earned high ratings in this year’s AIN FBO Survey Top 40 list. The many facilities that had tie scores this year might indicate that FBOs continue to improve in the four ratings categories: line service, passenger amenities, pilot amenities and facilities. Wilson Air Center’s Memphis, Tenn. base, once again, tops the list, followed by AirFlite, Long Beach, Calif., up from number three last year.