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Macquarie Infrastructure Corp (MIC) Q1 2021 Earnings Call Transcript


Macquarie Infrastructure Corp (MIC) Q1 2021 Earnings Call Transcript
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Macquarie Infrastructure Corp (NYSE: MIC)
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Operator
Good morning, and welcome to the Macquarie Infrastructure Corporation s First Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions] Please note this conference is being recorded.
I will now turn the conference over to Jay Davis, Head of Investor Relations. Please go ahead.SPONSORED:
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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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