FBOs
Apollo Funds Acquires Majority Stake in Modern Aviation
Founded in 2018, the FBO chain now lists 16 locations
Modern Aviation FBO at Denver's Centennial Airport
Despite being founded just five years ago, Modern Aviation has already acquired 16 FBO locations, including a major facility at Denver's Centennial Airport. (Photo: Modern Aviation)

Global asset management firm Apollo Funds has acquired a majority share in FBO chain Modern Aviation from Tiger Infrastructure Partners.

Founded in 2018, Modern made an immediate splash with the acquisition of the former XJet FBO at Denver Centennial Airport. It followed that up with the agreement to purchase all five of Sheltair’s New York-area locations in 2021. With its rapid growth, the company now has 16 locations in the U.S. and Caribbean.

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