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Skyservice Business Aviation has announced the completion of its investment in Fontainebleau Aviation’s fixed-based operator (FBO) at Miami Opa-Locka Executive Airport (OPF).
Additionally, customary approvals for Skyservice’s investment in a new FBO at Fort Lauderdale-Hollywood International Airport (FLL) – currently under development by Fontainebleau Aviation— are still underway.
This collaboration between Skyservice and the esteemed Fontainebleau luxury brand, announced earlier this year, is set to create unparalleled opportunities in the business aviation sector.
“The completion of this transaction marks the beginning of an exciting chapter for Skyservice as we continue our expansion to better meet the needs of our clients and the growing demands of our industry,” said Skyservice president and chief executive officer Benjamin Murray.
“Together, we are well positioned to accelerate growth across our platform while enhancing our customers’ travel experiences. Fontainebleau Aviation’s OPF FBO is a welcome addition to our portfolio of 11 FBOs across North America, and a beacon of personified luxury in business aviation.”
The Fontainebleau Aviation FBO at OPF, the eighth-busiest U.S. airport, is located near downtown Miami and provides premier services for business aviation travelers with approximately 270,000 square feet of hangar space, an executive terminal and office facilities.
“We are thrilled to partner with Skyservice, beginning with our premier Miami location at OPF,” says Fontainebleau development chairman and chief executive officer Jeffrey Soffer.
“As we focus on expanding our portfolio of premier destinations and one-of-a-kind luxury experiences, Skyservice is the ideal steward and partner due to its strong pedigree and reputation for excellence in the industry.”
Financial terms of the transaction were not disclosed. Skyservice was provided with legal advice by McCarthy Tétrault LLP and DLA Piper LLP. Fontainebleau Development was represented by Cooley LLP and advised by William Blair & Company.
This press release was prepared and distributed by Skyservice.
