Activity among the service provider chains over the past few months suggests the FBO consolidation kettle is steaming again and whistling loudly. Last month, Atlantic Aviation, which previously had no Florida FBOs, made a big splash with the announcement of its $195 million acquisition of Galaxy Aviation. Atlantic added four of Galaxy’s Florida FBOs: at Orlando International, Northeast Florida Regional Airport in St. Augustine, Witham Field Airport in Stuart and Palm Beach International Airport in West Palm Beach.
Palm Beach International Airport
Atlantic Aviation parent company Macquarie Infrastructure announced late last week that it acquired Galaxy Aviation, a Florida-based FBO chain with six facilities, for $195 million. The agreement is expected to close in the first quarter of next year, subject to government approvals.
Florida Gov. Rick Scott participated in a ground-breaking ceremony yesterday at Galaxy Aviation’s new hangar complex at Palm Beach International Airport. Known as Hangar 1, the 75,000-sq-ft facility will add to the one million square feet that the local FBO chain already occupies at the airport. Galaxy has begun the pre-leasing process for the new structure, slated for completion by early next year. The hangar, which will be able to accommodate long-range business jets, will also feature its own lounge and flight-planning and catering areas.
Florida-based FBO chain Galaxy Aviation expects to break ground this month on a new hangar complex at its Palm Beach International Airport (PBI) facility. Known as Hangar 1, the 75,000-sq-ft concrete tilt-wall structure will have 28-foot-high doors capable of accommodating aircraft up to the size of a G650, and will be divided into two bays of approximately 33,000 sq ft each. Designed to provide shelter against the worst Florida weather, its construction will exceed hurricane wind code requirements, and the 16 private office suites will have hurricane impact glass storefront entries.
Signature Flight Support and NetJets broke ground today on a 10,000-sq-ft dedicated passenger terminal solely for NetJets customers at Palm Beach International Airport in Florida. The $13 million facility, which will open in the second half of next year, is being developed under a partnership between the FBO chain and fractional provider. Attending the event were Signature and NetJets executives, local elected officials and a half dozen students enrolled in the aviation program at the nearby Boynton Beach Community High School.
Fort Lauderdale International Airport (FLL) plans to close the current 5,200-foot south east-west runway (9R/27L) at 10 p.m. EDT on April 17, in preparation for construction of a new south runway.
Pilots, flight attendants, dispatchers and other AIN subscribers who have frequent interaction with FBOs provided a total of 17,863 evaluations of more than 1,600 FBOs around the world in their responses to AIN’s 2012 FBO Survey. Of these, 115 FBOs in the Americas received the required 30 or more evaluations necessary to be included in the table of ratings available on AINonline.
Construction began at the end of January on a runway expansion project at Florida’s Fort Lauderdale/Hollywood International Airport with a price tag of nearly $800 million. The work will shift and lengthen Runway 9R/27L from its current 5,276 feet to 8,000 feet, giving the rapidly growing airport two parallel runways that can accommodate airline flights. The expansion is expected to increase the airport’s capacity from 84 flights per hour to more than 100.
StarPort, an Orlando Sanford International Airport FBO known for its avionics capability, has teamed with Rotortech Services. Under the terms of the agreement, StarPort will establish an avionics repair and installation shop at Rotortech Services’s helicopter service center at Palm Beach International Airport.
Signature Flight Support and NetJets signed a long-term lease that will provide the fractional operator with a dedicated, private terminal at Palm Beach International Airport (PBI). The project, slated for completion in early 2013, will include a 10,000-sq-ft terminal as well as approximately six acres of paved ramp, aircraft movement and car parking areas.
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