APP Jet Center owns close to 1 million square feet of hangar space across 60 buildings in five markets. [Credit: Bain Capital/APP Jet Center]
Key Takeaways:
Bain Capital has acquired APP Jet Center, an operator of five fixed-base operators (FBOs) in key markets, for an undisclosed fee.
Bain's investment is driven by a belief in the strong growth potential of private and business aviation, aiming to expand APP's network and invest in existing facilities to meet high demand in supply-constrained markets.
This acquisition is part of a broader trend of major private equity firms heavily investing in the FBO sector, recognizing its durable value and growth opportunities.
One of the titans of private equity is making a bet on private aviation and fixed-base operators (FBOs).
Bain Capital on Tuesday announced the acquisition, for an undisclosed fee, of APP Jet Center and its network of five FBO locations in markets such as South Florida and Washington, D.C. APP was previously acquired by Ridgewood Infrastructure in 2022.
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Jack is a staff writer covering advanced air mobility, including everything from drones to unmanned aircraft systems to space travel—and a whole lot more. He spent close to two years reporting on drone delivery for FreightWaves, covering the biggest news and developments in the space and connecting with industry executives and experts. Jack is also a basketball aficionado, a frequent traveler and a lover of all things logistics.
