Just two years after it began operations as the second FBO at Virginia’s Leesburg Executive Airport comes word that Kuhn Jet Center will buy out its competitor.
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Just two years after it began operations as the second FBO at Virginia’s Leesburg Executive Airport (KJYO), Kuhn Jet Center will buy out competitor ProJet Aviation, rendering it the lone aviation services provider on the field.
“In two short years, we took over 70% of the business on the airport, and the incumbent elected to sell the FBO,” explained Kuhn Aviation CEO Scott Kuhn.
KJYO—the second busiest general aviation airport in the state—is located just 35 miles from Washington, D.C. Last week, the Leesburg Town Council approved the transfer of ProJet’s leases for its FBO, hangar, and fuel farms to Kuhn.
“We took over the existing lease and [Leesburg] is giving us extension options that we are negotiating,” Kuhn told AIN, adding that the ProJet facility is a patchwork of different leaseholds with different expiration dates. “We’re working with the town to bring those leases together and doing extensions so they are all on the same sheet of music.”
Included in the acquisition, which is expected to close by the end of this week, is ProJet’s 4,000 sq ft of space in the airport’s terminal, its fuel farm, and 70,000 sq ft of hangar space. Kuhn operates from a nearby 8,000-sq-ft terminal, with approximately 40,000 sq ft of aircraft storage, capable of sheltering ultra-long-range business jets. Kuhn said it will continue to operate both locations. Next month, the company plans to break ground on an additional 42,000-sq-ft hangar on the north end of the field.
Just two years after it began operations as the second FBO at Virginia’s Leesburg Executive Airport (KJYO), Kuhn Jet Center is buying out competitor ProJet Aviation, rendering it the lone aviation services provider on the field.
KJYO—the second busiest general aviation airport in the state—is located just 35 miles from Washington, D.C. Last week, the Leesburg Town Council approved the transfer of ProJet’s leases for its FBO, hangar, and fuel farms to Kuhn.
“We took over the existing lease and [Leesburg] is giving us extension options that we are negotiating,” Kuhn told AIN, adding that the ProJet facility is a patchwork of different leaseholds with different expiration dates. “We’re working with the town to bring those leases together and doing extensions so they are all on the same sheet of music.”
Included in the acquisition, which is expected to close by the end of this week, is ProJet’s 4,000 sq ft of space in the airport’s terminal, its fuel farm, and 70,000 sq ft of hangar space. Kuhn operates from a nearby 8,000-sq-ft terminal, with approximately 40,000 sq ft of aircraft storage, capable of sheltering ultra-long-range business jets. Kuhn says it will continue to operate both locations. Next month, the company plans to break ground on an additional 42,000-sq-ft hangar on the north end of the field.