Solairus To Acquire Clay Lacy Air Charter Management Biz

Solairus Aviation is acquiring Clay Lacy Aviation’s aircraft management and charter divisions, which would push the former’s managed fleet beyond 500 aircraft. According to Solairus, this deal—announced in early August and set to close in September—will make it the world’s largest business aircraft management provider.

Brian Kirkdoffer, chair of Clay Lacy’s board, said the deal will allow Clay Lacy to sharpen its focus on its remaining FBO, maintenance, and real estate operations. The deal is subject to regulatory approval and other customary closing conditions. Financial terms were not disclosed.

“With this transaction, Solairus solidifies its position as the leading pure-play aircraft management company in the world,” said Solairus founder and CEO Dan Drohan. “It is about people, relationships, trust, and service.” The combined company will be “better equipped to enhance the client experience while maintaining the high-touch, personalized management services that have been the hallmark of Solairus and Clay Lacy,” he added.

The deal stemmed from overlapping values between the two companies around safety and culture, Kirkdoffer said. “We know that we’re putting our valued clients in good hands with Solairus.”

Solairus currently manages roughly 360 aircraft from more than 100 bases across North America, while Clay Lacy manages about 140 aircraft. Once the deal closes, Solairus will run the combined operation out of its Petaluma, California headquarters, as well as offices in Los Angeles and New York.