The business aviation sector is a tale of two worlds when it comes to mergers and acquisitions. While there is not much movement in the manufacturing side of the industry, investors seem interested in buying fixed-base operators (FBOs) or other business aviation services businesses. When it comes to FBOs, dealmaking is hot and expected to remain so as post-pandemic business jet activity ramps up from what turned out to be a muted decline during the novel coronavirus outbreak. Credit: Getty Images
Signature Aviation Acquisition A $4.7 Billion Deal Blackstone Infrastructure Partners, Blackstone Core Private Equity, Cascade and Global Infrastructure Partners forged a deal to purchase Signature Aviation for $4.7 billion, following a public bidding war. The acquisition is expected to close in the second quarter of 2021. Credit: Signature
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Everything you need to know about Wheels Up private jet memberships Benji Stawski © Provided by The Points Guy
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So you want to start flying private? Or maybe you’re already hooked on flying private and want to find ways to maximize your flights. Navigating the ins and outs of private jet travel can seem overwhelming, but one of the easiest ways to dip your toes into the water is with a private jet membership.
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By Murdo Morrison2021-01-15T15:41:00+00:00
UK business aviation services group Gama Aviation has almost doubled the size of its US maintenance operation with the $11 million acquisition of Trenton, New Jersey-based Jet East.
Source: Gama Aviation
The two networks have very little overlap geographically
The purchase – for $7 million cash, $1 million deferred cash and just over $3 million assumed debt – comes 10 months after Gama exited the Part 135 charter segment with the sale of its stake in the US-based Gama Aviation Signature joint venture to Wheels Up for around $33 million.
The combined maintenance entity will trade as “Jet East, a Gama Aviation company” and will be headed by Jet East’s Stephen Maiden.
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Wheel s Up s acquisition of Denver-based Mountain Aviation will quadruple its fleet of Cessna Citation Xs to about 40 of the high-speed twinjets. The company likes the model for its Mach 0.92 speed, super-mid cabin size, and transcontinental range. (Photo: Mountain Aviation)
Wheels Up Quadruples Citation X Fleet
The company continues its buying spree, picking up Mountain Aviation following recent acquisitions of TMC, Gama Aviation, and Delta Private Jets.
January 2021
Wheels Up is continuing its buying spree, this time scooping up Denver-based air charter and MRO provider Mountain Aviation following the acquisitions of Travel Management Co. (TMC) in mid-2019 and Delta Private Jets and Gama Aviation Signature early last year. Specific financial terms of the deal were not disclosed. Jefferies acted as the exclusive financial adviser for Wheels Up.
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