Modern Aviation Acquires Sheltair FBO Operations at Francis S. Gabreski (FOK) and Republic (FRG) Airports

Modern Aviation Acquires Three Northeast FBOs

October 13, 2022

Aerospace & Defense

Modern Aviation has executed a definitive purchase agreement to acquire Mystic Jet Center, LLC (Groton–New London Airport, Groton, CT), Columbia Air Services-BHB, LLC (Hancock County–Bar Harbor Airport, Trenton, ME) and Columbia Air Services-RUT, LLC (Rutland Southern Vermont Regional Airport, Rutland, VT) from their two owners. The deal — expected to close in Q4 2022 — adds more than 161,500 square feet of leasable hangar and office space, retains all employees and expands Modern Aviation’s FBO network to 16 locations; Modern Aviation is backed by Tiger Infrastructure Partners.

Modern Aviation Acquires Elliott Aviation's Des Moines FBO

September 22, 2022

Transportation

Modern Aviation has closed the acquisition of the fixed-base operator (FBO) assets and operations at Des Moines International Airport from Elliott Aviation, expanding Modern's national network to thirteen locations. The Des Moines FBO operates on a 17-acre leasehold with substantial hangar and office space; Elliott will retain and continue to operate its MRO business on the airfield. Modern Aviation is backed by Tiger Infrastructure Partners.

Modern Aviation Acquires Puerto Rico FBO at Isla Grande Airport

February 1, 2024

Transportation

Modern Aviation has acquired Puerto Rico FBO LLC at Fernando Luis Ribas Dominicci Airport (Isla Grande Airport/TJIG) in San Juan, Puerto Rico from the owners of Benitez Aviation and its affiliates. The acquisition adds approximately 40,000 square feet of hangar and office space to Modern's network as the company expands its presence in San Juan and advances development of additional hangars at the airport.

Apollo Infrastructure Funds Acquire Majority Stake in Modern Aviation

November 2, 2023

Aerospace & Defense

Apollo-managed infrastructure funds will acquire a majority stake in Modern Aviation, a U.S. fixed-base operator (FBO) platform. Tiger Infrastructure Partners (the current owner) and Modern Aviation’s management will reinvest alongside Apollo to support growth and network expansion across Modern’s 16-site portfolio.

Jet Aviation Acquires ASTONSKY FBO Operations at Paris-Le Bourget

August 1, 2025

Aerospace & Defense

Jet Aviation has acquired ASTONSKY's ground handling, hangarage and FBO operations at Paris-Le Bourget Airport in France. The acquisition expands Jet Aviation's EMEA FBO network and adds a flagship Paris-Le Bourget location offering handling, fueling, hangarage and passenger/crew services.

Lynx FBO Network (The Sterling Group) Acquires FTC FBO at Morristown Airport

October 16, 2019

Transportation

Lynx FBO Network, a portfolio company of The Sterling Group, has acquired the assets of FTC FBO and will operate a second full-service FBO at Morristown Airport (MMU) near New York City. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction as Lynx expands its national FBO network.