Landmark Aviation announced today that it has signed an agreement to acquire First Aviation Services, the premier fixed based operation at Teterboro Airport (TEB) in Teterboro, New Jersey. The acquisition is expected to close by year end.
TEB is one of the largest and most attractive general aviation airports in North America, conveniently located just 12 miles from Midtown Manhattan and in close proximity to several major cities in New Jersey. First Aviation’s facilities are world-class, featuring a modern terminal with a wide range of passenger and crew amenities, including snooze rooms, showers, a flight planning area and a fitness center, along with 120,000 square feet of secure hangar space and 480,000 square feet of ramp space.
“We are very excited about this acquisition as it will expand our presence in the Northeast and significantly enhance our network to better serve our customers,” explained Dan Bucaro, Landmark Aviation President and CEO. “We are also looking forward to working with the employees of First Aviation and the Port Authority of New York and New Jersey, and becoming an active part of the Teterboro community.”
About Landmark Aviation
Headquartered in Houston, Texas, Landmark Aviation operates a leading network of 50 fixed base operations located throughout the U.S., Canada and Western Europe. The Company offers a wide range of services, including FBO, MRO, charter and management. Landmark is a portfolio company of The Carlyle Group.
Source: Landmark Aviation http://www.trade-a-plane.com/company-search?id=68110