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Modern Aviation has acquired the Puerto Rico FBO LLC at the Fernando Luis Ribas Dominicci Airport (SIG) (Isla Grande Airport/TJIG) in San Juan, Puerto Rico. The owner, Benitez Aviation, will continue operating its aircraft management and Part 135 charter business at the airport and is one of Modern's largest customers in the region.
"We are excited to continue growing our presence in San Juan and our investment at TJIG where we have several exciting development projects underway," Modern Aviation CEO Mark Carmen said. "We have been impressed by the business Benitez Aviation has built here and look forward to supporting their continued growth by providing the world-class service and safety that Modern offers."RELATED STORY:Modern Aviation breaks ground on hangar expansion in Puerto Rico
Puerto Rico FBO currently offers about 40,000 square feet of hangar and office space at TJIG. Modern has completed the first of two additional hangars, adding roughly 48,000 square feet. The second hangar should be completed by the end of the first quarter.
"We are pleased to partner with Modern Aviation, a preeminent provider of FBO services, as we can continue to focus on growing our aircraft management business," Benitez Aviation CEO Carlos Benitez said. "We know Modern will be a great home for our Puerto Rico FBO employees and hangar customers."
Puerto Rico FBO will be consolidated into Modern's current operations, operating under the Modern Aviation brand.
"This acquisition will enable us to more efficiently provide services to customers at TJIG by adding significant hangar and office infrastructure to our current offerings," Carmen said. "We are pleased to welcome the employees and customers of Puerto Rico FBO to Modern Aviation."