Modern Aviation made a big splash with the purchase of the highly-ranked American Aero FTW FBO in Fort Worth, Texas.
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Growing FBO chain Modern Aviation announced a blockbuster acquisition today with the purchase of American Aero FTW, a highly-rated aircraft service provider at Dallas-area Fort Worth Meacham International Airport (KFTW). For Modern—backed by Apollo Funds and Tiger Infrastructure Investments—this represents its first FBO in Texas and brings its network to 17 locations in the U.S. and Puerto Rico.
The American Aero facility—which opened in 2017—has been a perennial standout in AIN’s annual FBO survey, tallying the world’s second-highest score in this year’s edition. It features an 8,600-sq-ft terminal with a wide array of technological features aimed at improving the comfort and efficiency of its customers. Among these features are self-tinting windows to dampen the glare from the harsh Texas sun, white noise speakers embedded in the walls of the lobby to improve privacy, a high-speed dishwasher, and a soundproof door on the pilot’s lounge to facilitate rest.
Occupying a 31-acre leasehold at KFTW adjacent to the U.S. Customs facility, the FBO also offers nearly 250,000 sq ft of hangar space capable of sheltering the latest ultra-long-range business jets.
“We are excited to have American Aero join the Modern Aviation family and expand our presence to the high-growth Dallas-Fort Worth area,” said Modern CEO Mark Carmen. He added that the facility was the first to earn Stage 3 registration under IBAC’s International Standard for Business Aircraft Handling. “Safety is a critically important part of the Modern Aviation culture and all of our other locations have now achieved either Stage 1 or 2 registration.”
Carmen noted that he expects the transaction to close within the current quarter and that all of the FBO’s staff will be retained.
Growing FBO chain Modern Aviation announced a blockbuster acquisition today with the purchase of American Aero FTW, a highly-rated service aircraft provider at Dallas-area Fort Worth Meacham International Airport (KFTW). For Modern—backed by Apollo Funds and Tiger Infrastructure Investments—this represents its first FBO in Texas and brings its network to 17 locations in the U.S. and Puerto Rico. The transaction is expected to close by the end of June.
The American Aero facility—which opened in 2017—has been a perennial standout in AIN’s annual FBO survey, tallying the world’s second-highest score in this year’s edition. It features an 8,600-sq-ft terminal with a wide array of technological features aimed at improving the comfort and efficiency of its customers.
Occupying a 31-acre leasehold at KFTW adjacent to the U.S. Customs facility, the FBO also offers nearly 250,000 sq ft of hangar space capable of sheltering the latest ultra-long-range business jets.
“We are excited to have American Aero join the Modern Aviation family and expand our presence to the high-growth Dallas-Fort Worth area,” said Modern CEO Mark Carmen. He added that the facility was the first to earn Stage 3 registration under IBAC’s International Standard for Business Aircraft Handling. “Safety is a critically important part of the Modern Aviation culture.”
According to Carmen, all of the FBO’s staff will be retained.