Canadian FBO Acquires Competitor

 - November 8, 2018, 5:24 PM
While it now owns the Shell AeroCentre at Regina International Airport, Kreos Aviation is currently building a new, more luxurious FBO at the Saskatchewan Province capital airport. The company plans to operate both individually to give customers an optional level of service.

Canadian full-service FBO operator Kreos Aviation has acquired the competing Shell AeroCentre at Saskatoon Airport. Kreos will operate the facility as a separate entity, along with the Shell AeroCentre base at Regina International Airport, presently the sole aviation services provider on the field. Both FBO facilities feature 15,000-sq-ft hangars and will retain their original names. This past summer, Kreos broke ground on a 35,000-sq-ft terminal and hangar complex at Regina, which is expected to open in summer 2019 as a second, higher-service FBO option.

“The acquisition is important as the demand for efficient and convenient air travel grows for many Saskatchewan-based businesses,” said Kreos COO Wes Ramsay. “This acquisition allows Kreos to have an immediate impact in the Regina market and add our services earlier than planned.”

The transaction also included Lancaster Aviation Fuels, an off-airport bulk fuels distributor, which provides jet-A and avgas to small airports and independent aircraft operators throughout the province.