Story ID: 061
Elevate Holdings Acquires Keystone Aviation
By: Curt Epstein
Caption: Elevate Holdings, the parent company of Private Jet Services and Elevate Jet has acquired private aviation services provider Keystone Aviation.
Word Count: 214
Elevate Holdings, the parent company of Private Jet Services and Elevate Jet, has acquired Salt Lake City-based private aviation services provider Keystone Aviation from TAC Air. Through the purchase, Elevate’s managed fleet will become the 15th largest in the U.S., and the deal will also include Keystone’s long-established Part 145 aircraft maintenance operation, which will allow the New Hampshire-based Elevate to expand its service offerings.

Current Keystone COO Aaron Fish, will lead the new organization as president and the current Keystone employees will continue working with the Elevate team as the two companies integrate. TAC Air will remain involved as a strategic partner, with all Elevate Holdings-managed aircraft enjoying preferred access at all 16 TAC Air FBOs.

Additionally, Keystone Aviation’s Salt Lake City division will operate from a new, dedicated client access terminal at the Salt Lake City International Airport and from satellite facilities in Scottsdale, Arizona (KSDL), and Provo, Utah (KPVU).

“We believe the business aviation industry needs a provider large enough to deliver benefits at scale to its clients without sacrificing the personal touch so critical in a high-end service business,” said Elevate CEO Greg Raiff. “Together our teams will continue delivering high-touch experiences with more business aviation options than ever before.”