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), marking a significant investment in the private aviation sector.
The newly acquired company will be led by Mark Johnstone, former CEO of Signature Aviation, with plans to expand APP Jet Center's substantial hangar space and infrastructure in key markets.
Bain Capital's investment strategy is driven by the belief in "outsized growth" in private and business aviation, citing increased flight activity and demand for modernized airport infrastructure in supply-constrained markets.
This acquisition reflects a broader industry trend of major private equity firms actively investing in FBOs, signaling strong confidence in the sector's long-term value and growth potential.
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.
CREATE A FREE ACCOUNT
Sign up to keep reading
Create a free account to continue. Already a member? Sign in below.
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.
