KRUT

Modern Aviation Enters Into a Definitive Purchase Agreement to Acquire Three FBOs in the Northeast

Retrieved on: 
Thursday, October 13, 2022
KBHB, KGON, Culture, FBO, LLC, Groton–New London Airport, Bar Harbor, Maine, Multimedia, Rutland–Southern Vermont Regional Airport, ME, Hancock, Acquisition, KRUT, Safety, Hancock County–Bar Harbor Airport, Acadia National Park, Town, Airline, 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.