Modern Aviation Partners with the City of Charlotte to Manage its
FBO at Charlotte Douglas International Airport

February 28, 2025 – Charlotte, NC– Modern Aviation (“Modern”) is pleased to announce its expansion to Charlotte Douglas International Airport (“CLT”), further strengthening its nationwide network and marking its 18th Fixed Base Operator (FBO) location and its 2nd in North Carolina.

Following a competitive Request for Proposal process issued by the City of Charlotte, Modern Aviation was selected as the winning bidder in January 2025 to manage the FBO pursuant to a 20-year management services contract (including renewal options). Modern will commence managing the FBO operations at CLT on June 30, 2025.

“Modern Aviation presented an exceptional proposal that delivers significant value that aligns seamlessly with CLT’s strategic goals and vision for the future,” said CLT Chief Business and Innovation Officer Ted Kaplan. “The Airport is dedicated to ensuring a smooth transition and enhancing the overall experience for customers and stakeholders.”

As part of its long-term commitment to enhance aviation services, Modern will upgrade the FBO terminal, with initial plans for construction expected to begin in late 2025 or early 2026. Furthermore, Modern intends to utilize local vendors in its procurement processes at CLT and offer positions to all current FBO employees, reinforcing its mission to care for and invest in the communities in which it operates.

Modern CEO Mark Carmen stated, “We are thrilled to partner with the City of Charlotte to bring Modern Aviation’s industry-leading service to Charlotte Douglas International Airport. As with all our other locations, we plan to pursue independent safety certification under the International Standard for Business Aircraft Handling (IS-BAH) at CLT. Adding CLT to the Modern network represents a significant milestone for our Company, and we look forward to serving the aviation community at CLT while investing in its future.”

The FBO operation at CLT encompasses more than 220,000 square feet of hangar space and 100,000 square feet of office space. According to FAA data, CLT ranks as the 29th busiest general aviation airport in the country based on business jet traffic. The addition of CLT will expand Modern’s FBO network to 18 locations in the U.S. and Puerto Rico.

About Modern Aviation
Modern Aviation is a growing company that is building a national network of premium FBO properties. Modern Aviation’s strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality, and industry-leading safety. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.

For more information visit: https://modern-aviation.com

Contact:
Modern Aviation, Emmanuel Yapo eyapo@modern-aviation.com

Modern Aviation Signs Purchase Agreement to Acquire Two
Hangars from Floors and Doors at Centennial Airport (KAPA)

July 1, 2024 – Centennial, CO and New York, NY – Modern Aviation today announced it has signed a definitive purchase agreement to acquire certain leasehold improvements encompassing two large hangar and office structures, Hangar 9 at 8156 Interport Boulevard and Hangar 10 at 8208 Interport Boulevard, at Centennial Airport from Floors and Doors. The properties include approximately 113,000 square feet of structures, including 53,273 square feet of hangar space, 52,406 square feet of office space and 7,320 square feet of garage space. The acquisition also includes ground subleases on 280,526 square feet of land underlying the properties mentioned above and parking and other areas.

The hangar complexes are located directly across Interport Boulevard from Modern Aviation’s main FBO campus at Centennial Airport. Both hangars are currently fully occupied but there is approximately 15,000 square feet of Class A office space currently available for long-term rental.

Modern’s CEO Mark Carmen, stated, “We are very excited about acquiring these properties and expanding our footprint at Centennial Airport, which is a top seven general aviation airport (based on general aviation aircraft operations) that is expected to continue to grow well into the future. We’ve been seeking opportunities to grow our operation at Centennial Airport since our original FBO acquisition there in November 2018. In November 2021, Modern closed the acquisition of certain leasehold improvements from The SunBorne Companies at Centennial Airport. The leasehold improvements included a 62,000 square foot, three story office building at 8001 InterPort Boulevard, which houses several tenants as well as the Signature Flight Support South FBO Terminal at Centennial Airport, and a 38,000 square foot hangar complex at 8123 InterPort Boulevard, primarily leased by Signature for its South FBO operation. As part of that acquisition, Modern Aviation will take over the Signature Flight Support South FBO at the expiration or earlier termination of its current operating agreement. This will enable Modern Aviation to operate the entire south side of Centennial Airport under Modern Aviation’s FBO operation and give Modern the largest FBO footprint at Centennial airport.”

Carmen continued, “In early 2023, we passed an important milestone in our growth plan at Centennial Airport when we completed our expansion project which added 52,000 square feet of hangar space, 4,000 square feet of attached office space, a 7,000 square foot new FBO terminal and 135,000 square feet of new ramp. This most recently announced acquisition will enable Modern Aviation to leverage our outstanding reputation at Centennial for customer service and safety as illustrated by our consistent ranking as the best FBO at Centennial Airport and a top 10% FBO nationally by the Aviation International News Annual FBO Survey.”

Chris Hamler, Floors and Doors, said “We made the decision to develop these facilities at Centennial Airport because we wanted to give back to an airport and community that had been so great to us for so many years. Early in the process it was obvious that Modern Aviation shares this same vision to expand and continue to invest in this base. We are excited about this transaction and the long-term impact it will have at Centennial Airport.”

Modern expects the acquisition to close in the next few months. Once closed, this acquisition will bring Modern’s total hangar footprint at Centennial Airport to approximately 179,000 square feet and its total office footprint to approximately 129,000 square feet.

About Modern Aviation
Modern Aviation is a growing company that is building a national network of premium FBO properties. Modern Aviation’s strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality, and industry leading safety. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean. For more information visit: https://modern-aviation.com

About Floors and Doors
Floors and Doors is the first strategic capital investment project for the principals of Parlayo, LLC. This project provided a platform for the pair to translate their experience as successful entrepreneurs into successful investors through diligent and perceptive decision making. Parlayo will continue to leverage their unique expertise to make impactful investments that benefit not only their partners, but the community at large.

Contact:
Modern Aviation, Emmanuel Yapo eyapo@modern-aviation.com
Floors and Doors, Chris Hamler chamler@parlayo.com

Modern Aviation Closes the Acquisition of American Aero at Fort Worth Meacham International Airport

May 3, 2024 – Ft. Worth, TX. – Modern Aviation has closed the acquisition of the FBO American Aero, which operates at Fort Worth Meacham International Airport (KFTW) in Fort Worth, Texas from an affiliate of Keystone Group, L.P.

Modern Aviation’s CEO Mark Carmen, stated, “We are thrilled to have officially expanded our footprint to the high growth DFW area. On behalf of Modern Aviation, I’d like to extend a warm welcome to our new team members and customers at this location. We look forward to continuing American Aero’s dedication to providing world-class customer service and safety.”

All the employees of American Aero have joined Modern Aviation.

With the addition of this location, Modern Aviation operates 17 FBOs in the U.S. and Puerto Rico, including ILM, APA, BFI, SIG, JFK, LGA, ISP, FOK, FRG, MHR, SAC, SMF, DSM and FTW.

About Modern Aviation
Modern Aviation is a growing company that is building a national network of premium FBO properties. Modern Aviation’s strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality, and industry leading safety. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean. For more information visit: https://modern-aviation.com

Contact:
Modern Aviation, Emmanuel Yapo eyapo@modern-aviation.com

Modern Aviation to Acquire American Aero at Fort Worth Meacham International Airport

April 11, 2024 – Ft. Worth, TX. – Modern Aviation today announced that it has signed a definitive purchase agreement to acquire 100% of the membership interests in FW American Aero, LLC (“American Aero”) at Fort Worth Meacham International Airport (KFTW) from an affiliate of Keystone Group, L.P.

Modern Aviation CEO Mark Carmen stated, “We are excited to have American Aero join the Modern Aviation family and expand our presence to the high growth DFW area. American Aero has distinguished itself among FBOs by being the first in the world to earn a Stage 3 International Standard for Business Aircraft Handling (IS-BAH) safety and ground handling certificate. Safety is a critically important part of the Modern Aviation culture and all of our other locations have now achieved either a Stage 1 or 2 certificate.”

American Aero operates on a 31-acre FBO campus with 247,000 square feet of hangar and office space, and the largest open ramp on the field of more than 11 acres. American Aero’s 8,600-square-foot FBO was designed to maximize safety, efficiency, and comfort for flight crews and passengers. For the last six years, American Aero has been ranked in the annual Aviation International News FBO survey as one of the best FBOs in the world and the best FBO in Texas and the South-Central Region.

A Keystone Group representative stated, “We are proud to have built a world-class FBO in Fort Worth, Texas, over the last 12 years. We believe Modern Aviation is the perfect owner to continue the success and growth of American Aero. This is a great day for American Aero and Meacham International Airport.”

Mark Carmen added, “Adding American Aero to the Modern Aviation platform will enable us to continue expanding our network, benefitting our customers and employees. All of the employees of American Aero will remain with Modern Aviation post-acquisition. We look forward to welcoming our new colleagues and customers to the Modern Aviation family.”

The addition of American Aero will represent Modern’s first FBO in Texas and brings the Company’s FBO network to 17 locations in the U.S. and Puerto Rico.

Modern Aviation expects the transaction to close in the current calendar quarter.

About Modern Aviation
Modern Aviation is a growing company that is building a national network of premium FBO properties. Modern Aviation’s strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality, and industry leading safety. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.
For more information visit: https://modern‐aviation.com

About Keystone Group
Keystone Group, LP is a private investment firm for multiple generations of a high net worth family based in Fort Worth, Texas. Since its founding in 1985, Keystone has invested in numerous businesses and partnerships in and outside of the energy industry, and today its management team oversees a global portfolio of diverse assets.

Contact:
Modern Aviation, Emmanuel Yapo: eyapo@modern-aviation.com
Keystone Group, Marc Epstein: mepstein@akingump.com

Modern Aviation Partners with SANDOW Brand, MEDIAJET as Exclusive Magazine Distributor in US FBOs

March 27, 2024 – New York, NY. – Modern Aviation and MediaJet (A SANDOW Company) have agreed to a 4-year exclusive magazine distribution partnership. MediaJet will provide dedicated magazine display stands and luxury magazines to Modern Aviation’s Fixed-Based-Operators (FBO).

Modern Aviation, a leading FBO owner and operator founded in 2018, operates 16 FBOS with bases across nine states including California, Colorado, Connecticut, Iowa, Maine, New York, North Carolina, Vermont, and Washington and San Juan, Puerto Rico.

MediaJet, the amenity and distribution arm of SANDOW, provides luxury magazines to private jet travelers. The Modern Aviation partnership elevates their network to more than 260 FBOs.

“We’re incredibly excited that Modern Aviation has joined our distribution program,” Eric Hopkins, Executive Vice President of MediaJet said, “partnering with this group was a key initiative for us this year and we’re looking forward to providing our services to their passenger and pilots.”

“The MediaJet program has evolved into an industry standard over the years, “Mark Carmen, CEO of Modern Aviation, stated, “We’ve had their display at our Denver FBO for a few years, and our customers enjoy reading their magazines, whether it’s in the FBO or on the aircraft itself. Partnering with MediaJet for all our FBOs allows us to maintain consistency throughout our entire network.”

About Modern Aviation
Modern Aviation is a growing company that is building a national network of premium FBO properties. Modern Aviation’s strategy is to acquire and develop FBO operations in growth markets and to focus on providing exceptional service, extraordinary quality, and industry leading safety. Modern Aviation is actively engaged in pursuing additional FBO acquisitions and development opportunities in North America and the Caribbean.
For more information visit: https://modern‐aviation.com

About MediaJet
MediaJet (A SANDOW Company) is a unique marketing platform developed to reach the world’s wealthiest consumers—private jet travelers. Just prior to boarding, passengers can select high-quality publications from MediaJet display stands. Located in more than 260 private airports across North America MediaJet brings high-end magazines and publications to a captive audience.
For more information visit: https://sandow.com/brands/mediajet/