Long Island MacArthur Airport (KISP)-based Executive Fliteways (EFI) has acquired ExcelAire Services, combining both charter and aircraft management providers that are located at the same airport. The move adds 60 employees and boosts the EFI-managed fleet to 20 aircraft, and plans call for the former ExcelAire aircraft to be transitioned to EFI’s charter certificate.
The acquisition includes ExcelAire’s Part 145 repair station, which EFI said will help it lower downtime and control costs for owners of its managed aircraft. EFI did not have a Part 145 repair station previously, so the move adds to the company's capabilities. The combined fleet includes six large-cabin Gulfstreams, two Falcons, five Embraers, a Hawker 800XP, Gulfstream G280, four Learjet 60s, and a Pilatus PC-12. EFI’s growth plans dovetail with its signing of a long-term lease for 80,000 sq ft of hangar and office space at the Hawthorne Global FBO KISP.
"We are delighted to welcome ExcelAire clients and employees to the EFI family,” said EFI president James Prinzivalli, “This acquisition aligns perfectly with our growth strategy and expands a wide range of options for our clientele. Together, we are poised to meet the evolving demand for private jet travel and elevate the experience.”
Pinzivalli, a former dispatcher and charter sales director for EFI, bought the company in October 2020, at a time when the risks of the Covid pandemic were still large but as it turned out was perfectly timed for the resurgence in the charter market.