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, a network of five Fixed-Base Operators (FBOs), signifying a major private equity investment in the private aviation sector.
This acquisition reflects Bain Capital's confidence in the continued growth of private and business aviation, with plans to expand APP Jet Center's footprint and invest in existing infrastructure.
The deal is part of a broader trend of private equity firms heavily investing in FBOs, driven by strong demand in capacity-constrained markets and opportunities in modernizing aviation infrastructure, including for future electric aircraft.
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.
