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Wednesday
Dec192007

Encore Announces Landmark Merger and Plots 2008 Acquisition Spree

Encore FBO and private-equity firm GTCR Golder Rauner are in the process of acquiring all of Landmark Aviation's FBOs from Dubai Aerospace Enterprise (DAE) Aviation Holdings. The merger also covers Landmark's charter, aircraft sales and maintenance parts assets, but not its MRO division. The combined company will own more than 40 FBOs.

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Tuesday
Dec112007

IFBOA Solidifies Itself in 2007

Though less than two years old, the Independent Fixed Base Operator Association (IFBOA) hit the ground running in 2007 by adding 28 members, announcing plans to open an office in Europe and aggregating key services required by FBOs.

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Tuesday
Dec112007

Ocean Air Acquires Century Aviation

Ocean Air Aviation in North Bend, Ore., earlier this month announced that it had purchased the holding interest in Dallas-based Century Aviation and that the facility will eventually be labeled with the Ocean Air brand.

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Monday
Dec102007

The “Long Ranger” Rides High in Value

In the midst of all the usual confusion with the economy, real-estate woes and the subprime lending practices offering fuel for a possible recession, general and corporate aviation value trends continue to remain generally stable. Even the nearly $100 per barrel price for crude oil seems to get at the most a raised eyebrow at the pump. After a possible grumble, it’s wheels up, and life goes on. It’s the American way.

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Tuesday
Nov272007

World Fuel to Acquire AVCARD

The upcoming merger between World Fuel Services (WFS) and AVCARD is expected to generate significant growth opportunities for both companies. “We will now be able to market our flight support and third-party services to all of AVCARD's customers, while at the same time providing AVCARD's robust data capture and reporting solution to our current customers, as well as those of our strategic partners,” said Paul H. Stebbins, WFS chairman and CEO, in a company statement.

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Tuesday
Nov272007

Signature's Portfolio Bulges with New FBO Acquisitions

Signature Flight Support's acquisition spree passed new milestones this fall. In October, Signature acquired Marathon Flight Services at Kissimmee, Fla., Gateway Airport and Carolina Air Center in Hilton Head, S.C. This month, Signature announced it had acquired Regent Aviation's FBOs in St. Paul and at the Rochester International Airport in Minnesota.

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Tuesday
Nov132007

Identifying Expansion Opportunities in the Middle East

Sales of aircraft at this week's Dubai Airshow have already exceeded $75 billion and are a fresh indicator of business aviation's fast-paced growth in the Middle East. "Interest in Boeing Business Jets and VIP models continues to grow in the Middle East, and, in fact, 29 percent of our customer reside there, followed by 26 percent in North America and 23 percent in Europe," says Vicki Ray, a Boeing spokeswoman.

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Tuesday
Nov132007

Bombardier's Learjet NXT Reels in Letters of Intent

Bombardier's new Learjet NXT product was launched less than one month ago, and the midsize aircraft has already generated more than 65 letters of intent. In size, the aircraft falls between Bombardier's $13.3 million Learjet 60XR and $21 million Challenger 300. It seats eight passengers, has a 3,000-nm range, a high-speed cruise of Mach 0.82, and a transcontinental range pushing 3,000 nautical miles.

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Tuesday
Oct232007

Business Jet Aligns Charter Operators to Find and Sell Empty Seats

Business Jet Seats, a new venture based in West Palm Beach, Fla., is on the hunt to aggregate and fill empty charter jet seats and generate more revenue for its member charter operators.

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Tuesday
Oct232007

Jetscape Plans FBO Expansion

Jetscape Services, the owner of one FBO at Ft. Lauderdale/Hollywood International Airport, is working on an acquisition plan that could take it into Latin America among other markets. This plan hinges on Jetscape's recent announcement that it is working with the Frost Group, LLC, a private technology investment company in Miami.

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