Modern Aviation Closes on Third New York FBO | Aviation International News

Modern Aviation Closes on Third New York FBO

As part of a deal first announced in October, Modern has now acquired three of Sheltair's five New York FBOs, with the remaining two to follow.

Starting today, Modern Aviation will take over the operations at the former Sheltair FBO at New York's Long Island Mac Arthur Airport. Sheltair has agreed to sell its five New York City-area FBOs to Modern as it exits the Northeast market. (Photo: Sheltair)

By Curt Epstein • Business Aviation Services Editor

March 4, 2022

Modern Aviation and Sheltair’s previously agreed-upon sale of the latter’s FBO at Long Island Mac Arthur Airport (KISP) has been approved and concluded today with the handover of the facility. The deal, first announced in October, described Sheltair’s divestiture in the New York market, with Modern agreeing to purchase the Florida-based aviation real estate and service provider’s facilities at five area airports.

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