Associated tags: Aviation, Safety, FBO, Airline, Sacramento Mather Airport, Modern
Locations: NEW YORK, CALIFORNIA, NORTH AMERICA, SACRAMENTO, WILMINGTON, WASHINGTON, NORTH CAROLINA, IOWA, IL, MN, IA, GA, PUERTO RICO, TX, COLORADO, MAINE, CT
Aircraft,
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FBO,
International standard,
Aviation International News,
Acquisition,
Business aircraft,
KFTW,
Calendar,
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Airline FT. WORTH, Texas, April 11, 2024 (GLOBE NEWSWIRE) -- Modern Aviation today announced that it has signed a definitive purchase agreement to acquire 100% of the membership interests in FW American Aero, LLC (“American Aero”) at Fort Worth Meacham International Airport (KFTW) from an affiliate of Keystone Group, L.P.
Key Points:
- FT. WORTH, Texas, April 11, 2024 (GLOBE NEWSWIRE) -- Modern Aviation today announced that it has signed a definitive purchase agreement to acquire 100% of the membership interests in FW American Aero, LLC (“American Aero”) at Fort Worth Meacham International Airport (KFTW) from an affiliate of Keystone Group, L.P.
Modern Aviation CEO Mark Carmen stated, “We are excited to have American Aero join the Modern Aviation family and expand our presence to the high growth DFW area.
- We believe Modern Aviation is the perfect owner to continue the success and growth of American Aero.
- This is a great day for American Aero and Meacham International Airport.”
Mark Carmen added, “Adding American Aero to the Modern Aviation platform will enable us to continue expanding our network, benefitting our customers and employees.
- All of the employees of American Aero will remain with Modern Aviation post-acquisition.
Retrieved on:
Thursday, November 2, 2023
APO,
NYSE,
Winston & Strawn,
Acquisition,
Environment,
Growth,
Rest,
LLP,
Paul, Weiss, Rifkind, Wharton & Garrison,
Safety,
FBO,
Investment,
Airport,
Airline,
Management,
Aviation NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO), Tiger Infrastructure Partners (“Tiger”) and Modern Aviation (the “Company” or “Modern”) today announced that they have entered into a definitive agreement for Apollo-managed infrastructure funds (the “Apollo Funds”) to acquire a majority stake in Modern Aviation, a fixed base operator (FBO) platform serving business and general aviation, as well as commercial, cargo and military aircraft at airports across North America.
Key Points:
- NEW YORK, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Apollo (NYSE: APO), Tiger Infrastructure Partners (“Tiger”) and Modern Aviation (the “Company” or “Modern”) today announced that they have entered into a definitive agreement for Apollo-managed infrastructure funds (the “Apollo Funds”) to acquire a majority stake in Modern Aviation, a fixed base operator (FBO) platform serving business and general aviation, as well as commercial, cargo and military aircraft at airports across North America.
- Tiger Infrastructure Partners, which currently owns Modern Aviation, and the Company’s management team will each reinvest alongside the Apollo Funds.
- Founded in 2018, Modern Aviation has grown to become one of the preeminent national networks of premium FBO properties.
- Apollo Partner Dave Cohen said, “We are excited for Apollo funds to acquire Modern Aviation, working with Tiger, Mark and the entire team to support the business in its next phase of growth.
Retrieved on:
Wednesday, February 15, 2023
Titan,
SAF,
Lighting,
Centennial Airport,
KAPA,
Sacramento Mather Airport,
Aviation,
Carbon,
Silent Scope 2,
FBO RIGA,
Hertz,
Tesla,
Heat,
LED,
EV,
Partnership,
FBO,
Renewable energy,
Airline,
Modern NEW YORK, Feb. 15, 2023 /PRNewswire/ -- In support of its ongoing sustainability efforts, Modern Aviation is pleased to announce that it has developed a strategy to achieve carbon neutrality for Scope 1 and Scope 2 emissions and is committed to achieving carbon neutrality for Scope 1 and Scope 2 emissions by 2050.
Key Points:
- NEW YORK, Feb. 15, 2023 /PRNewswire/ -- In support of its ongoing sustainability efforts, Modern Aviation is pleased to announce that it has developed a strategy to achieve carbon neutrality for Scope 1 and Scope 2 emissions and is committed to achieving carbon neutrality for Scope 1 and Scope 2 emissions by 2050.
- The Company has identified a range of potential opportunities to incrementally reduce emissions through more effective energy management.
- Modern is committed to pursuing these improvements at its FBOs where feasible, and to offsetting any remaining Scope 1 and Scope 2 emissions with legitimate, high quality carbon offsets.
- The Company has also developed a formal strategy aimed at reducing the Scope 3 emissions associated with the aviation fuel used by its customers.
Retrieved on:
Thursday, October 13, 2022
KBHB,
KGON,
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LLC,
Groton–New London Airport,
Bar Harbor, Maine,
Multimedia,
Rutland–Southern Vermont Regional Airport,
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KRUT,
Safety,
Hancock County–Bar Harbor Airport,
Acadia National Park,
Town,
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Aviation,
Mystic Modern Aviation's CEO Mark Carmen, stated, "We are excited to have the opportunity to continue to grow and expand our presence in the northeast.
Key Points:
- Modern Aviation's CEO Mark Carmen, stated, "We are excited to have the opportunity to continue to grow and expand our presence in the northeast.
- All of the employees of the three entities will remain with Modern Aviation post acquisition.
- Collectively, the three operations will add more than 161,500 square feet of leasable hangar and office space to Modern Aviation's portfolio.
- Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.
Retrieved on:
Thursday, September 22, 2022
Aircraft,
Long Island MacArthur Airport,
ISP,
National Air Transportation Association,
NBAA,
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Elliott Aviation,
National Business Aviation Association,
FRG,
Republic Airport,
NATA,
SMF,
Acquisition,
Industry,
ILM,
Maintenance,
APA,
Sacramento Mather Airport,
Summit Park, Utah,
Des Moines International Airport,
CEO,
SAC,
Solution,
Sacramento, California,
DSM,
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MHR,
FBO,
JFK,
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LaGuardia Airport,
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LGA,
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FOK,
Modern NEW YORK, Sept. 22, 2022 /PRNewswire/ -- Modern Aviation announced today that it has closed the acquisition of the FBO assets and operations at Des Moines International Airport from Elliott Aviation, bringing its total number of locations to thirteen.
Key Points:
- NEW YORK, Sept. 22, 2022 /PRNewswire/ -- Modern Aviation announced today that it has closed the acquisition of the FBO assets and operations at Des Moines International Airport from Elliott Aviation, bringing its total number of locations to thirteen.
- We also look forward to partnering with the Des Moines Airport Authority to continue to grow DSM and benefit the local community.
- Greg Sahr, President and CEO of Elliott Aviation, stated, "Divesting our Des Moines FBO business to a great partner in Modern Aviation is a win-win for Elliott Aviation, our employees, Modern Aviation, and the Des Moines community.
- Serving the business aviation industry nationally and internationally, Elliott Aviation has facilities in Moline, IL, Des Moines, IA, Minneapolis, MN, Atlanta, GA and Dallas, TX.
Aviation,
VIP,
Multimedia,
View,
FBO,
Sacramento International Airport,
Review,
FBO RIGA,
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Industry,
Government,
Sacramento Executive Airport,
Sacramento Mather Airport,
Safety,
Acquisition,
CA,
CEO,
Airline,
Modern Modern Aviation's CEO, Mark Carmen, said, "We founded Modern Aviation to develop a national network of FBOs.
Key Points:
- Modern Aviation's CEO, Mark Carmen, said, "We founded Modern Aviation to develop a national network of FBOs.
- "Modern Aviation is well positioned to build on our success and further develop the leaseholds to reach their full potential.
- Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.
- Superior Aviation Company traces its roots back 78 years to when Patterson Aviation Company opened operations at Sacramento Executive Airport.
Retrieved on:
Friday, September 24, 2021
Aviation,
Mortensen,
Multimedia,
Engineering,
Centennial Airport,
Growth,
Modern,
FBO,
Fixed-base operator,
Investment,
Airline "Mortenson has a long history of supporting the aviation and aerospace industries here in Colorado," said Brian Holland, director of business development of Mortenson Denver.
Key Points:
- "Mortenson has a long history of supporting the aviation and aerospace industries here in Colorado," said Brian Holland, director of business development of Mortenson Denver.
- We are thrilled to be joining Modern Aviation in getting their vision for expanded general aviation capabilities at Centennial Airport off the ground."
- "Modern already has 7,500 square feet of FBO and office space and more than 50,000 square feet of hangar space at Centennial Airport, which continues to grow and is ranked as a top 10 general aviation airport in the U.S." said Modern Aviation CEO, Mark Carmen.
- Modern Aviation has recently completed development of two new hangars at its Seattle location, adding 64,500 square feet of hangar and 7,500 square feet of office space.
Retrieved on:
Wednesday, October 23, 2019
NEW YORK, Oct. 23, 2019 /PRNewswire/ --Modern Aviation, a leading operator, acquirer and developer of Fixed Base Operations ("FBOs") announced a partnership with Carbonfund.org Foundation to offer customers an opportunity to offset their carbon emissions as part of their fuel purchases.
Key Points:
- NEW YORK, Oct. 23, 2019 /PRNewswire/ --Modern Aviation, a leading operator, acquirer and developer of Fixed Base Operations ("FBOs") announced a partnership with Carbonfund.org Foundation to offer customers an opportunity to offset their carbon emissions as part of their fuel purchases.
- "Modern Aviation is dedicated to excellent corporate responsibility and this is an effort to help achieve a lower-carbon future," stated Mark Carmen, CEO of Modern Aviation.
- Beginning November 1st, 2019, Modern Aviation customers can elect to seamlessly purchase a carbon-offset for each gallon of fuel they purchase through Modern Aviation, helping to offset the carbon impact of their flight for only a small additional per gallon fee."
- Modern Aviation has secured the backing of the growth-oriented infrastructure private equity fund, Tiger Infrastructure Partners.
Retrieved on:
Monday, September 16, 2019
Prior to Modern Aviation, Mr. Reinheimer worked as the CFO of asTech (a provider of automobile electronic diagnostic solutions).
Key Points:
- Prior to Modern Aviation, Mr. Reinheimer worked as the CFO of asTech (a provider of automobile electronic diagnostic solutions).
- "We are pleased to welcome Dan and Kerry to the Modern Aviation family, said Modern Aviation CEO, Mark Carmen.
- I have been very impressed with the Modern Aviation team, strategy and focus on outstanding customer service, safety and quality."
- The management team includes executives from Universal Weather and Aviation and Atlantic Aviation.
