Modern Aviation expanding in California
Modern Aviation will expand its network with the purchase of three SACjet Sacramento area facilities. Included in the deal—which is subject to regulatory approval and is expected to close by the third quarter—are the Capital Jet Center, Mather Jet Center, and Executive Jet Center. Modern Aviation will retain all of the operational employees at the three locations.
“As the capital of California, Sacramento is a highly attractive, growing general aviation market, and these FBOs provide world-class service to a wide range of customers, including general aviation, business aviation, sports teams, and other VIP charters, military, cargo, and commercial airlines,” said Modern CEO Mark Carmen, who added that his company’s goal is to develop a national FBO network. “The opportunity to acquire SACJet’s three Sacramento FBOs and build upon their reputation for client service is another important milestone in executing our strategy.”
Modern Aviation, which was founded in 2018, announced in October that it was acquiring Sheltair's five New York area FBOs. When completed, this latest transaction will bring its total number of facilities to 12.