FBOs
Sheltair Boosts Its Buying Power
Sheltair will used the $260 million credit facility to continue its expansion of its existing bases, as well as to fund future acquisitions.

Aviation real estate company Sheltair, which operates FBOs in New York, Florida and Georgia and manages more than 3 million sq ft of aviation properties, secured a $260 million credit facility with SunTrust Bank last month. According to the privately held company, the proceeds will be used as additional capital for continued expansion of its 16 bases, as well as to fund future acquisitions and strategic alliances.


Loading…