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 strategic U.S. markets like South Florida and Washington, D.C., for an undisclosed fee.
The acquisition signifies Bain's confidence in the continued growth of private and business aviation, with plans to expand APP's nearly 1 million square feet of hangar space and invest in its existing network.
This investment by Bain Capital is part of a broader trend of private equity firms heavily investing in the FBO sector, highlighting the perceived durable value and growth potential in aviation infrastructure.
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.
