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). SheltAir, which recently began operations at New York La Guardia Airport (LGA), announced it has received a “positive review of notification” from the city of Atlanta in its bid to take over the Mercury leasehold at Hartsfield-Jackson Atlanta International Airport (ATL). And finally, Wilson Air Center, Memphis, Tenn., told AIN it has received final approval from the city council to take over the FBO at Charlotte, N.C. The second Wilson facility should be complete in three to four months.
Atlantic on the Pacific Coast
Atlantic CEO Lou Pepper said its Sydney, Australia-based parent company, Macquarie Bank, had entered into an agreement to buy the two California FBOs, which will expand the Atlantic network to 12 locations nationwide. According to the company, “Completion of the transactions is subject to certain conditions, including relevant third-party consents.”
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