This investment, which remains subject to customary
approvals for transactions of this type, will expand Skyservice's operations
in South Florida and elevate the Fontainebleau luxury brand
within the rapidly growing private and business aviation sectors.
"This is an exciting milestone for Skyservice as we
extend our footprint and renowned capabilities to Florida, which has
always been a top destination for our customers," says Skyservice
President and Chief Executive Officer Benjamin Murray.
"Fontainebleau is an iconic brand that aligns perfectly with our
values of service excellence, safety and exceptional amenities. We are
differentiated by our world-class service offering across all business lines
and our proven ability to deliver bespoke solutions to a highly discerning
customer base as demand for private aviation travel in North
America continues to grow. We are delighted to partner with Fontainebleau
Aviation, which shares our commitment to continuously innovating and elevating
our clients' experience above and beyond in Miami, Fort
Lauderdale and potentially new premier locations together in the
future."
Skyservice is one of the largest business aviation platforms
in North America. With the addition of Miami Opa-Locka Executive Airport and
Fort Lauderdale-Hollywood International Airport, the company encompasses 12
airports across the continent, including Bend Municipal Airport and Redmond
Municipal Airport in Oregon, Helena Regional Airport in Montana, King
County-Boeing Field International Airport in Seattle, and Napa County
Airport in California.
In Canada, Skyservice operates at
Toronto Lester B. Pearson International Airport in Toronto,
Montreal-Pierre Elliott Trudeau International Airport in Montreal, Ottawa
Macdonald-Cartier International Airport in Ottawa, Calgary International
Airport in Calgary, and Vancouver International Airport in Vancouver.
Additionally, the company maintains two specialized facilities for heavy
maintenance and avionics in Muskoka, Ontario, and Montreal, Quebec.
The partnership also allows Skyservice and Fontainebleau
Aviation to seize an expanded share of the growing business and private jet
market. Established more than 30 years ago, Fontainebleau Aviation has
consistently redefined luxury and service standards for travelers and
operators, positioning itself as an industry leader in an era of rapid growth
and innovation.
"We are excited to establish a partnership with
Skyservice, starting with our marquee locations at two of the busiest airports
for private aviation in the United States," says Fontainebleau
Development Chairman and Chief Executive Officer Jeffrey Soffer.
"Skyservice has a distinguished pedigree and reputation for excellence in
the aviation industry and is the ideal steward and partner for the next phase
of growth at OPF, FLL, and other locations in the United States as we
focus on growing our portfolio of premier destinations and unique luxury
experiences."
Both OPF and FLL represent two of the top 20 business
aviation markets in the United States. The Fontainebleau Aviation FBO at
OPF, the eighth-busiest U.S. airport near downtown Miami, provides premier
services for business aviation travelers with approximately 350,000 square feet
of hangar space, an executive terminal and office facilities. Fontainebleau
Aviation's second location at FLL, the seventeenth-busiest U.S. airport, has
commenced construction of 80,000 square feet of private hangars and
approximately 35,000 square feet of world-class private terminal and executive
office space.
Fontainebleau Aviation is a luxury services division of Fontainebleau
Development, a company founded by Chairman and Chief Executive
Officer Jeffrey Soffer and led by his partner Brett Mufson. The company
is one of the country's premier real estate development and hospitality groups,
with a diverse portfolio that includes properties in the hospitality, gaming,
residential, retail, commercial, and luxury services sectors.
The company builds, owns, markets, and operates its
properties, providing expertise in each stage of a project's life cycle with a
relentless focus on delivering the best quality in everything they do.
Fontainebleau Development has established a diverse
portfolio of premier assets such as Big Easy Casino, Fontainebleau Miami Beach,
JW Marriott Turnberry Resort & Spa, Hilton Downtown Nashville, and numerous
residential landmarks such as Turnberry Ocean Club, Turnberry Ocean Colony,
Porto Vita, the Tresor and Sorrento towers at Fontainebleau Miami
Beach.
The company has also built nine residential towers in Las
Vegas, including Turnberry Towers and Signature (in partnership with MGM
Resorts International). It will open the 67-story Fontainebleau Las Vegas
luxury resort and casino on Dec. 14.
Its luxury services division includes Fontainebleau
Aviation, Turnberry Yacht Club & Marina, Turnberry Isle Country Club, and
some of the highest-grossing and well-known nightlife, dining and health and
wellness destinations in the world.
