Metropolitan Airport NewsMetropolitan Airport News
  • Airport News
    • Publisher’s Message
    • Fast Five
    • On Duty
    • Air Cargo
    • Airline News
    • Airport Community
    • Airport Employment News
    • Airport Safety & Security
    • Company Spotlight
    • Ground Services
    • Intermodal
    • New York Aviation History
    • Non-Rev Traveler
  • Airport & Aviation Events
  • Airport Employment
  • Latest Issue
  • Login

Subscribe for Updates

Get the latest local airport and aviation news delivered right into your inbox each week!

News Updates
Michael Huerta, Former Administrator of the United States Federal Aviation Administration (FAA) and Delta Air Lines Board Member

Joby Appoints Former FAA Administrator and Delta Board Member Michael Huerta to the Company’s Board of Directors

March 25, 2023
Elise Eberwein accepts the CF Foundation’s Jena Award on March 23.

American Airlines Donates $1.1 Million to the Cystic Fibrosis Foundation

March 24, 2023
Delta Cargo unveils largest cooler facility at New York-JFK Airport

Delta Cargo Unveils Largest Cooler Facility at JFK Airport

March 24, 2023
Facebook Twitter Instagram
Metropolitan Airport NewsMetropolitan Airport News
  • Airport News
    • Publisher’s Message
    • Fast Five
    • On Duty
    • Air Cargo
    • Airline News
    • Airport Community
    • Airport Employment News
    • Airport Safety & Security
    • Company Spotlight
    • Ground Services
    • Intermodal
    • New York Aviation History
    • Non-Rev Traveler
  • Airport & Aviation Events
  • Airport Employment
  • Latest Issue
  • Login
Metropolitan Airport NewsMetropolitan Airport News
Home»Airport News»Modern Aviation Agrees to Acquire Sheltair Aviation’s Five New York Locations
Airport News

Modern Aviation Agrees to Acquire Sheltair Aviation’s Five New York Locations

Modern Aviation Agrees to Acquire Sheltair Aviation’s Five New York Locations
Metropolitan Airport NewsBy Metropolitan Airport NewsOctober 19, 2021No Comments3 Mins Read
Facebook Twitter LinkedIn Email
Sheltair JFK Airport

Modern Aviation announced it has a definitive agreement with Sheltair Aviation, the nation’s largest privately-owned aviation network, to acquire the operations and facilities underlying Sheltair’s five New York FBOs following the review and approval of appropriate government agencies.

Sheltair’s President Lisa Holland, stated, “During the past year, we received an unsolicited overture from Modern Aviation that compelled us to review our role in New York at a time when we are significantly enlarging our national footprint in other parts of the country. Modern Aviation became an obvious and appropriate buyer given their corporate presence in New York, their track record of excellence at major airports elsewhere in the country, and their roster of respected professionals with extensive experience in the New York aviation community.” 

As noted, the agreement is subject to review and approval of various government agencies. 

The Sheltair properties under contract include those at LaGuardia, JFK, Westhampton, Republic/Farmingdale, and Long Island MacArthur Airports. 

Ms. Holland stated, “Among our key considerations in determining how best to proceed was the fact that Modern Aviation reflects our corporate family’s values in how we strengthen, nurture, and support our employees’ careers as well as embracing strict performance standards at the airports we serve.”

Modern Aviation has distinguished itself in the marketplace by delivering world class customer service, extraordinary quality, and a commitment to safety. Modern enjoys an excellent reputation as a strong partner to the airport authorities at each of its locations and is the top ranked FBO in each of its major markets for customer service by the prestigious Aviation International News (“AIN”) Annual Survey.

Modern Aviation’s CEO, Mark Carmen, said, “We founded Modern Aviation to develop a national network of FBOs. The opportunity to acquire Sheltair’s five New York locations within our own New York footprint, and build upon their well-deserved reputation for client service is a significant milestone in executing our strategy. Sheltair has a world class staff of professionals at these airports where customers expect excellence with every arrival and departure. Modern intends to hire all of Sheltair’s current employees in the New York market as these are the people who developed that excellent reputation.”

Carmen added, “We are very excited to be in a position to take over Sheltair’s operations in New York, where we founded Modern and are based.  We know the New York market is a highly attractive, growing general aviation market, and we plan to invest in additional infrastructure as we have continued to do in our other markets. This is an important step in the evolution and growth of Modern and we intend to continue to focus on providing world class customer service, outstanding quality and safety everywhere we operate.”

Sheltair and Modern expect the transaction to close in the fourth quarter of 2021.

About Modern Aviation

Modern Aviation is a growing company that is building a national network of premium FBO properties. 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. For more information visit: https://modern-aviation.com.

Share. Facebook Twitter LinkedIn Email
Metropolitan Airport News
  • Website
  • Facebook
  • Twitter
  • LinkedIn

Produced by a team of aviation professionals and enthusiasts, our mission is to inform and update the more than 68,000 employees who work on the metropolitan New York airport properties, as well as the many others that provide goods and services in the surrounding communities.

RELATED NEWS & UPDATES

Delta Cargo unveils largest cooler facility at New York-JFK Airport

Delta Cargo Unveils Largest Cooler Facility at JFK Airport

March 24, 2023
Alstom Signs Seven-Year Operations & Maintenance Services Contract with Newark Liberty International Airport

Alstom Signs Seven-Year Operations & Maintenance Services Contract with Newark Liberty International Airport

March 17, 2023
Leading Edge AI Chipmaker Hailo Introduces Hailo-15: The First AI-Centric Vision Processors for Next-Generation Intelligent Cameras for Transportation Centers

Hailo Introduces the First AI-Centric Vision Processors for Next-Gen Cameras for Transportation Centers 

March 13, 2023
BA and AA colleagues in Bridge Bar JFK Greenwich Lounge

British Airways and American Airlines Raise a Glass to Aviation American Gin & Betty Buzz at JFK Terminal 8 Lounge

March 9, 2023
JFK Air Cargo

Women in Air Cargo

March 7, 2023
PANYNJ to Host Second Platooning Demonstration of Autonomous Vehicles at JFK Airport

PANYNJ to Host Second Platooning Demonstration of Autonomous Vehicles at JFK Airport

March 1, 2023
Add A Comment

Leave A Reply Cancel Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

AIRPORT & AVIATION EVENTS
Civil Air Patrol Falcon Squadron Meeting
March 27, 2023
7:00 PM to 9:00 PM
  • John F. Kennedy International Airport-(JFK)
Jamaica, New York
LGA Airport Hiring Event
March 28, 2023
9:00 AM to 2:00 PM
  • LaGuardia Airport-(LGA)
East Elmhurst, New York
FDU Master of Public Administration Open House
March 28, 2023
11:00 AM to 2:00 PM
  • John F. Kennedy International Airport-(JFK)
Port Authority Building
Jamaica, New York
  • >> More Airport & Aviation Events

Subscribe for Weekly Email Updates

Get the latest local airport news, events, and jobs delivered right into your inbox each week.

Metropolitan Airport News provides timely news, information and updates for both Port Authority of New York & New Jersey (PANYNJ) employees and businesses that provide services at, and around the major New York airports (JFK, LGA, EWR).

John F. Kennedy International Airport
PO Box 300877
Jamaica, NY 11430 USA
Phone: (347) 396-0904
Email Us

Facebook Twitter YouTube LinkedIn Flickr
MARCH 2023 ISSUE
Metropolitan Airport News March 2023
LATEST COMMENTS
  • Julia Lauria-Blum on Larger Than Life
  • Robert lee on Jane Mrosko
  • Jerelyn Zontini on Larger Than Life
  • Tom Krpata on The Golden Age of Airline Employment
  • About Us
  • Advertising Options
  • Charitable Giving Program
  • Back Issue Archive
  • Contact Us
© 2023 Airport Media, Inc. All rights reserved.

Type above and press Enter to search. Press Esc to cancel.