Modern Aviation, an FBO platform backed by
Tiger Infrastructure Partners has completed the acquisition of Air Wilmington
located at Wilmington International Airport (KILM) in Wilmington, North
Carolina.
Air Wilmington is the sole FBO at KILM where
it provides fueling, hangar storage and MRO services to general aviation,
military and commercial airlines. The facilities include an 8,400 square foot
FBO terminal and over 100,000 square feet of hangar space.
“Bill Cherry and his team have built a
first-class operation in Wilmington over the last 40 years," said Modern
Aviation CEO and Co-founder, Mark
Carmen. "We look forward to continuing
Air Wilmington’s legacy of exceptional customer service, quality and safety,
strong relationship with the airport and active involvement in the community.”
Carmen added, “Our goal is to build a national
network of premier FBO properties characterized by excellent facilities and
outstanding service.”
Mr. Carmen is joined in this effort by
Emmanuel Yapo who previously served as Director of Corporate Development for
Atlantic Aviation. The Company’s strategy is to acquire or build FBO operations
at growing locations and to focus on premium service and operations.
Modern Aviation has secured the backing of the
growth-oriented infrastructure private equity fund, Tiger Infrastructure
Partners. “We are very excited to back Mark and his team at Modern Aviation with
our capital and work with them as they seek to build a major new FBO platform
company,” said Emil W. Henry, Jr.,
Tiger’s Managing Partner.
Modern Aviation is actively engaged in
pursuing additional FBO acquisitions and development opportunities in North
America and the Caribbean.
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