Modern Aviation Acquires Second FBO Location

Modern Aviation has entered into an agreement to purchase the assets of XJet Holdings, LLC, a subsidiary of XJet World Holdings, LLC, at Centennial Airport (KAPA). The Denver facility, which will be rebranded Modern Aviation after the acquisition closes, is the second FBO acquisition in less than 12 months for Modern Aviation, an FBO platform backed by Tiger Infrastructure Partners.

With more than 50,000 square feet of climate-controlled hangar, the facility can accommodate business jets up to a Gulfstream G650, Bombardier Global, Embraer Legacy 600, or Dassault Falcon 7x/8x. The first-class executive terminal features rentable office space, an auto spa and auto storage, a conference room, a crew lounge, private bathrooms with showers and sleep rooms. Located just 15 miles southeast of Denver, Centennial Airport is a top 15 general aviation airport in the U.S. and is the principal business aviation airport in Denver, Colorado.

Modern Aviation’s strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality and industry-leading safety. Modern Aviation has secured the backing of the growth-oriented infrastructure private equity fund, Tiger Infrastructure Partners. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.