Story ID: 061 March
Modern Aviation Closes on Two NYC FBOs
By: Curt Epstein
Caption: Modern Aviation has completed its purchase of Sheltair’s FBOs at New York’s John F. Kennedy International and LaGuardia airports.
Word Count: 230
Modern Aviation has completed its purchase of Sheltair’s FBOs at New York John F. Kennedy International and LaGuardia airports, part of the sale of Sheltair’s New York locations that was first announced last year. According to a Sheltair spokesperson, the deal, which marks the transition of the company out of the New York market, will be completed in stages with the two New York City locations—in both cases representing the sole service provider on the field—to be followed later this quarter by its facilities at Republic (KFRG), Long Island MacArthur (KISP), and Francis S. Gabreski (KFOK) airports.

Sheltair president Lisa Holland noted that removing itself from the New York market will give the company more flexibility to expand in its home state of Florida, as well as Georgia and Colorado, where it also operates.

“We have every confidence in Modern Aviation, their team of professionals, and their ability to meet the needs of this demanding market,” Holland said. “As we anticipate smooth and coordinated transition in the days ahead, it is important to pay tribute to the Port Authority of New York and New Jersey. They are consummate aviation professionals and we are deeply appreciative of their efforts and guidance.”

Modern CEO Mark Carmen added that his company will retain the Sheltair employees as part of the agreement.