Collaboration expands Skyservice operations to South Florida; elevates the renowned luxury brand Fontainebleau within the private aviation sector
TORONTO, Oct. 18, 2023 /PRNewswire/ -- Skyservice Business Aviation ("Skyservice"), a leading aviation company, today announced an agreement to acquire interests in fixed-base operator (FBO) Fontainebleau Aviation in Miami Opa-Locka Executive Airport ("OPF") and at a new FBO at Fort Lauderdale-Hollywood International Airport ("FLL") currently being developed by Fontainebleau Aviation. This investment, which is subject to customary approvals for such transactions, expands Skyservice's operations in South Florida and elevates the Fontainebleau luxury brand within the rapidly growing business and private aviation sectors.
"This is an exciting milestone for Skyservice as we expand our renowned footprint and capabilities to Florida, which has always been a premier destination for our customers," explained Skyservice President and CEO Benjamin Murray. "Fontainebleau is an iconic brand that fits perfectly with our values of service excellence, safety and exceptional services. We are differentiated by our first-class service offering across all lines of business and our proven ability to deliver tailored solutions to a demanding clientele, as demand for private aviation travel in North America continues to grow. We are delighted to partner with Fontainebleau Aviation, who shares our commitment to continually innovate and elevate our customers' experience above all else in Miami, Fort Lauderdale and potentially in new prime locations in the future.”
Skyservice is one of the largest business aviation platforms in North America. With the addition of Miami Opa-Locka Executive Airport ("OPF") and Fort Lauderdale-Hollywood International Airport ("FLL"), the company spans 12 airports across the continent, including Bend Municipal Airport (BDN). and Redmond Municipal Airport (RDM) in Oregon, Helena Regional Airport (HLN) in Montana, King County International Airport-Boeing Field (BFI) in Seattle, and Napa County Airport (APC) in California. In Canada, Skyservice operates at the international airports of Toronto Lester B. Pearson (YYZ) in Toronto, Montreal-Pierre Elliott Trudeau (YUL) in Montreal, Ottawa Macdonald-Cartier (YOW) in Ottawa, Calgary (YYC) in Calgary and Vancouver. (YVR) in Vancouver. In addition, the company has two facilities specialized in heavy maintenance and avionics in Muskoka (Ontario) and Montreal (Quebec).
The partnership also allows Skyservice and Fontainebleau Aviation to capture a greater share of the growing private and business jet market. Founded more than 30 years ago, Fontainebleau Aviation has consistently redefined standards of luxury and service for travelers and operators, positioning itself as an industry leader in an era of rapid growth and innovation.
“We are excited to establish a partnership with Skyservice, beginning with our prominent locations at two of the busiest airports for private aviation in the United States,” said Jeffrey Soffer, president and CEO of Fontainebleau Development. "Skyservice has a distinguished pedigree and reputation for excellence in the aviation industry and is the ideal manager 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 world-class destinations and unique luxury experiences.
Both OPF and FLL represent two of the top 20 business aviation markets in the United States. Fontainebleau Aviation's FBO at OPF, the eighth busiest airport in the United States near downtown Miami, provides world-class services for business aviation travelers with approximately 350,000 square feet of hangar space, an executive terminal and office facilities . Fontainebleau Aviation's second location at FLL, the 17th busiest airport in the United States, has begun construction on 80,000 square feet of private hangars and approximately 35,000 square feet of world-class private terminal and executive office space.
Financial terms of the transaction were not disclosed. Skyservice received legal advice from McCarthy Tétrault LLP and DLA Piper LLP. Fontainebleau Development was represented by Cooley LLP and advised by William Blair
Skyservice is a North American leader in commercial aviation dedicated to innovation, responsible operations, safety and service excellence. Celebrating more than 36 years of distinction, Skyservice is at the forefront of the business aviation industry, with best-in-class facilities throughout North America. Our skilled maintenance teams, award-winning fixed base operating facilities, world-class aircraft management, private jet charter services, aircraft sales and procurement teams combine to provide an exceptional experience to our valued customers. At Skyservice, we aim higher and go further to better serve our customers. For more information, visit //www.skyservice.com/.
About Fontainebleau Development
Fontainebleau Development, founded by Chairman and Chief Executive Officer Jeffrey Soffer and led by partner Brett Mufson, is one of the nation's leading hotel and real estate development groups, with a diverse portfolio that includes properties in the hospitality, gaming, and residential sectors. , retail, commercial and luxury services. The company builds, owns, markets and operates its properties, providing expertise at every stage of a project's life cycle with a relentless focus on providing the highest quality in everything they do. Fontainebleau Development has established a diverse portfolio of premier assets including Big Easy Casino, Fontainebleau Miami Beach, JW Marriott Turnberry Resort
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Contacto para medios: Skyservice Business Aviation, Vanessa Engel, Vice President, Marketing and Customer Engagement, Skyservice Business Aviation, T: 1 416.523.1089, email@example.com; Fontainebleau Development, Amy Rossetti, firstname.lastname@example.org; JONESWORKS, email@example.com
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