Modern Aviation Completes Acquisition of Sheltair Aviation FBO Assets at Francis S. Gabreski and Republic Airports

NEW YORK, September 1, 2022 /PRNewswire/ — Today, Modern Aviation announced that it has completed the acquisition of FBO’s assets and operations at Francis S. Gabreski Airport (“FOK”) and Republic Airport ( “FRG”) with Sheltair Aviation, the largest private company in the country. aerial network.

First announced at the end of the third quarter of 2021, the agreement has officially received all necessary government approvals to allow Modern Aviation to resume operations at FOK and FRG.

CEO of Modern Aviation, Marc Carmensaid: “We are delighted to complete our last two acquisitions of Sheltair locations in New York. On behalf of our entire team, I welcome our new teammates and customers to the Modern Aviation family.”

All local Sheltair employees have joined Modern Aviation.

Carmen continued, “We believe that increasing our presence in New York will allow us to better serve our customers in the North East. Our five bases at New York have enormous growth potential. We are looking forward to establishing long term relationships with Suffolk County and its airport authority and the New York State Department of Transportation and its airport authority and investing in the growth of airports and the communities they serve. »

Lisa HollandPresident of Sheltair, said, “The team of professionals at Modern Aviation shares our commitment to flight safety, service and a business ethic that always puts customers first. It is not surprising that they kept our Farmingdale and West Hampton staff to ensure a seamless experience for passengers and pilots and a reputation for exceptional professionalism.”

With the closure of these two sites, Modern Aviation operates 12 FBOs in North Americaincluding ILM, APA, BFI, SIG, JFK, LGA, ISP, FOK, FRG, MHR, SAC and SMF.

About modern aviation

Modern Aviation is a growing company that is building a nationwide network of premium FBO properties. Modern Aviation’s strategy is to acquire and grow FBO operations in growing markets and focus on providing exceptional service, extraordinary quality and industry-leading safety. . Modern Aviation is backed by growth-oriented infrastructure private equity fund, Tiger Infrastructure Partners. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean. For more information visit: https://modern-aviation.com.

SOURCE Modern Aviation