Sheltair has sold its FBOs at New York’s John F Kennedy Airport (JFK) and LaGuardia Airport (LGA) to Modern Aviation.
First announced in autumn 2021, the agreement has now received all government approvals allowing FBO specialist Modern Aviation to formally take over operations on February 8th.
Sheltair president Lisa Holland stated, “We are enormously proud of Sheltair’s dedicated New York team and our corporate legacy serving these landmark airports. We have every confidence in Modern Aviation, their team of professionals, and their ability to meet the needs of this demanding market.”
She noted the decision to transition out of the New York market will allow Sheltair greater flexibility in pursuing its ongoing national strategy for growth in other parts of the country including Florida, Georgia, and Colorado.
Modern Aviation CEO Mark Carmen said, “Our JFK and LaGuardia customers will find familiar faces when they taxi up to our FBOs. In keeping with our agreement, we will be hiring Sheltair’s New York employees.”
Founded in 1963, Sheltair is the US's largest privately-owned aviation network, operating 17 FBOs and a portfolio of over 4.5 million sq ft of aviation-related properties across the country.