Atlantic Aviation Expands in the Caribbean With Purchase of ExecuJet’s Saint Maarten FBO
The acquisition adds a key Caribbean hub to Atlantic’s network.
(Saint Maarten, the Caribbean) Atlantic Aviation announced yesterday (Dec. 2) that it has expanded its presence in the Caribbean with the acquisition of ExecuJet’s fixed-base operator (FBO) base at Princess Juliana International Airport (SXM) in Saint Maarten.
Photo of Saint Martin’s Princess Juliana Airport (SXM), where Atlantic Aviation has acquired ExecuJet’s FBO, courtesy of Atlantic Aviation.
The deal comes as ExecuJet moves into a newly completed general aviation facility at the airport.
Atlantic’s new location at SXM provides a full range of aircraft ground services, including fueling and parking, as well as support such as landing permits, water and lavatory service, GPUs, and passenger handling. The facility also offers customs and immigration coordination, catering, and transportation arrangements.
“Providing our customers with an expanded international footprint while strengthening our Caribbean network are important goals for us,” said Jeff Foland, Chief Executive Officer of Atlantic Aviation. “Our prestigious, new Sint Maarten location allows us to accomplish both, providing customers in the region with seamless access to Atlantic’s industry-leading service and hospitality.”
Atlantic’s FBO operations will continue under the ExecuJet name, and the existing team will remain in place to maintain consistent service as Saint Maarten begins its peak travel season, according to Atlantic.
Bobby Femia, Vice President of Mergers and Acquisitions at Atlantic Aviation, said the airport plays an important role in regional travel. “We’re excited about this acquisition for a multitude of reasons, beginning with Princess Juliana International Airport’s role as critical aviation infrastructure for the region and as the primary gateway to marquee destinations such as St. Barts,” Femia said. “ExecuJet’s first-class operation at SXM, their market leading presence, and their brand-new facilities on the island further elevate this opportunity. Together, these attributes create a strong complement to our existing Caribbean operations and our expanding international footprint.”
KKR & Co., which acquired Atlantic Aviation in 2021, has reportedly of late been exploring options for Atlantic including a sale or initial public offering that could value the company at around $10 billion, according to Bloomberg.
