Story ID: 553
Skyservice Purchases Interest in Fontainebleau
By: Kerry Lynch
Caption: Skyservice is taking stake in Fontainebleau's Miami-Opa Locka and Fort Lauderdale FBOs
Word Count: 229
Skyservice Business Aviation is purchasing a stake in Fontainebleau Aviation’s FBO at Miami-Opa Locka Executive Airport (KOPF) as well as its facility under development at Fort Lauderdale-Hollywood International Airport (KFLL). Terms of the transaction were not disclosed, but the investment is subject to customary approvals.
The investment expands Skyservice’s operations into South Florida, giving it a foothold in two of the top 20 business aviation markets in the U.S. At KOPF, Fontainebleau's facility spans 350,000 sq ft of hangar space, executive terminal, and office facilities. At KFLL, the FBO provider has begun building 80,000 sq ft of private hangars and a 35,000-sq-ft private terminal with executive office space.
“This is an exciting milestone for Skyservice as we extend our footprint and renowned capabilities to Florida, which has always been a top destination for our customers,” said Skyservice president and CEO Benjamin Murray. “Fontainebleau is an iconic brand that aligns perfectly with our values of service excellence, safety, and exceptional amenities.”
With the Fontainebleau additions, Skyservice has a base at 12 airports across North America.
Jeffrey Soffer, Fontainebleau CEO and development chairman, added that Skyservice “is the ideal steward and partner for the next phase of growth at OPF, FLL, and other locations in the United States as we focus on growing our portfolio of premier destinations and unique luxury experiences.”