Aircraft
Bizav Charter/Management’s M&A Boom To Continue
Acquisitions need to be a good cultural fit for the buyer, though
Corporate Jet Investor (CJI) Miami 2023
Industry experts speaking this morning at the CJI Miami 2023 conference see a fragmented aircraft management market. (Photo: Chad Trautvetter/AIN)

The business aircraft management market is fragmented and ripe for mergers and acquisitions (M&A), a panel of charter/management leaders said this morning at Corporate Jet Investor (CJI) Miami 2023. “There’s lots of room for growth in the aircraft management business,” noted Skyservice president and CEO Ben Murray. “But it’s still fragmented,” he added, meaning this segment is likely to continue seeing M&A activity in 2024.

While he is “not hunting” to buy other charter/management companies, Priester Aviation chairman and CEO Andy Priester said he is always on the lookout for family-owned companies whose principal is looking to exit. “We offer a family culture that aligns better with these aircraft management companies. For owners, it feels better than private equity or other [more corporate] options. It’s a better cultural fit.”