Jet Aviation acquires full ownership of fixed-based operator at LMM
Jet Aviation, a wholly owned subsidiary of General Dynamics, acquired full ownership of the San Juan fixed-base operator (FBO) at Luis Muñoz Marin International Airport in Puerto Rico, a provider of premium business aviation services at the facility.
Jet Aviation has been operating
the San Juan FBO under a management agreement with the previous owner, Pazos,
since March 2017, when the FBO was rebranded as Jet Aviation, as this media
“Bringing the San Juan FBO
completely under Jet Aviation management reinforces our commitment to our
customers, our employees and the region,” said David Paddock, senior vice
president, Jet Aviation Regional Operations USA.
“Our goal is to deliver
business aviation services as close to demand as possible, while ensuring
consistency across our growing global network,” he said.
The financial terms of the
agreement were undisclosed.
“Jet Aviation operates 10 FBOs
in the U.S. and Caribbean,” said Paddock. “San Juan is a high-performing
FBO with excellent long-term growth prospects and we are delighted to fully
bring it into our fold.”
Paddock said a new, larger
hangar will open in the first quarter of 2019 to replace the one destroyed by
Hurricane Maria in 2017.
The facility – which will house
20,000 square feet of hangar space and 2,500 square feet of office space – will
offer customers parking facilities, refueling, third party aircraft
maintenance, meeting space, an executive passenger lounge, flight-planning
workstations and a pilots’ suite.
The San Juan FBO has a
full-service, onsite U.S. Customs and Border Protection terminal to facilitate
convenient customs, immigration and agriculture processing of international
Hector Vásquez will continue in
his role as FBO director and serve as general manager at San Juan. He has
worked in FBO services for 34 years and was at Jet Aviation Teterboro for 26
years before moving to San Juan in 2018.