Skyservice Acquires London Air Services Hangar
Summary
Additionally, customary approvals for Skyservices investment in a new FBO at Fort Lauderdale-Hollywood International Airport (FLL) currently under development by Fontainebleau Aviation are still underway. Fontainebleau Aviations 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. Fontainebleau Development was represented by Cooley LLP and advised by William Blair & Company.Skyservice is a North American leader in business aviation dedicated to innovation, responsible operations, safety, and service excellence. The company builds, owns, markets, and operates their properties, providing expertise in each stage of a projects life cycle with a relentless focus on delivering the best quality in everything they do.