2021: Year of the FBO Transaction
Over the past year, more than 250 FBOs changed hands; a number that was bloated by two of the biggest transactions in the history of the industry.
Over the past year, more than 250 FBOs changed hands—a record for the industry. That number was boosted by two of the biggest-ever FBO transactions: the sales of Signature Aviation, parent company of Signature Flight Support, and Atlantic Aviation. Signature and Atlantic are the two largest FBO chains worldwide.
In June, Signature Aviation was sold to a consortium of private equity firms consisting of Blackstone, Global Infrastructure Partners (GIP), and Cascade Investments following a successful bid of $4.7 billion. Signature had spent the past several years divesting itself of all of its divisions outside of its core business and general aviation ground handling operation, transforming itself into a pure-play flight service provider.
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