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Modern Aviation to Acquire Sole FBO at Isla Grande Airport

Less than two weeks after acquiring five locations from Sheltair, Modern Aviation is once again expanding its FBO portfolio with the acquisition of Hill Aviation, which operates the sole FBO at the Fernando Luis Ribas Dominicci Airport (Isla Grande Airport/TJIG) in San Juan, Puerto Rico. MRO operations at Isla Grande and a satellite FBO operation at Jose Aponte de la Torre Airport in Ceiba, Puerto Rico, are also included in the deal.After the acquisition closes, the 91,000 square feet of hangar and office space at Isla Grande Airport currently run by Hill Aviation, a Million Air franchisee, will be rebranded Modern Aviation."Isla Grande Airport has been growing by attracting new customers as it offers significant advantages compared to other regional airports: the FBO's location offers quicker access to/from the main roads in San Juan, and customers can directly access their aircraft on the ramp unlike at comparable airports in San Juan," said Mark Carmen, CEO of Modern Aviation.Modern Aviation will build additional hangar space and upgrade the FBO terminal in the near future as the general aviation market in San Juan continues to grow.The transaction is expected to close in the fourth quarter of 2021.
Created 1 years 38 days ago
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