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The market for FBOs is hot, hot, hot - Corporate Jet Investor

KKR is not holding back. It closed its $4.475bn acquisition of FBO chain Atlantic Aviation on September 23rd. Less than two months later it has agreed a merger between Atlantic and Ross Aviation. Ross Aviation operates 19 FBOs across the United States and the Caribbean joining almost 70 Atlantic FBOs. The deal is a great … Continue reading "The market for FBOs is hot, hot, hot" ....

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The rise and fall of Aerion - Corporate Jet Investor


The rise and fall of Aerion
Yuvan Kumar
28th May 2021, 9:35
It all began in 2004, when Texan billionaire Robert Bass decided to re-commercialise supersonic aerial travel by launching Aerion Supersonic. By 2021, it had a backlog of $11.2bn – or 93 orders – for its AS2 supersonic jet. And soon after announcing the near-hypersonic AS3, a new concept, the company ground to a halt, shutting down unexpectedly last weekend.
At $120m each, the Mach 1.4 AS2 promised to connect any two points on Earth
“in three hours or less” by 2027. Industry veteran Dr Richard Tracy spearheaded the vision for supersonic business travel, alongside ex-Gulfstream and Rolls-Royce engineer, Michael Hinderberger and others. ....

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