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Rebounding private flights fuel M&A interest in corporate jet services providers


Rebounding private flights fuel M&A interest in corporate jet services providers
By Allison Lampert and Maiya Keidan
FILE PHOTO: Business jets are seen at the NBAA exhibition in Las Vegas
(Reuters) – As U.S. business aviation traffic rebounds to pre-pandemic levels, a niche, fragmented industry providing services ranging from hangars to fueling is drawing interest from private equity funds and infrastructure investors.
Fixed base operators, or FBOs, play a key role in keeping private jets flying, offering services like hangars and fueling, and some buyers are betting the revival in flights could spill over into allied industries.
While business jet orders and deliveries dropped in 2020, private flights, which carry smaller groups and promise wealthy passengers less risk of exposure to the coronavirus, have generally fared better than commercial. That is underpinning investor interest in FBOs. ....

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Sheltair opens additional hangars at Rocky Mountain Metropolitan Airport – BizWest


Sheltair opened a 10,400-square-foot terminal at the airport
in September, which was constructed alongside the hangar and office over the past year. The 31,050-square-foot hangar and 4,455-square-foot office were mostly complete in September, but were missing elements such as a fire-suppression system in the hangar.
The project also included 11 acres of apron space for passenger loading and unloading and maintenance.
The Florida-based Sheltair operates 17 other fixed-base operator properties, with all prior projects based east of the Mississippi River.
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BROOMFIELD Sheltair Aviation Services LLC has fully opened its buildings at the Rocky Mountain Metropolitan Airport by making the final changes to the hangar and office space. ....

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