Modern Aviation has a definitive agreement with Sheltair Aviation to acquire the operations and facilities underlying its five New York FBOs following the review and approval of appropriate government agencies.

The Sheltair properties under contract include those at La Guardia, JFK, Westhampton, Republic/Farmingdale and Long Island MacArthur airports.

Sheltair's president Lisa Holland says: “During the past year, we received an unsolicited overture from Modern Aviation that compelled us to review our role in New York at a time when we are significantly enlarging our national footprint in other parts of the country. Modern Aviation became an obvious and appropriate buyer given its corporate presence in New York, its track record of excellence at major airports elsewhere in the country and its roster of respected professionals with extensive experience in the New York aviation community.

“Among our key considerations in determining how best to proceed was the fact that Modern Aviation reflects our corporate family's values in how we strengthen, nurture and support our employees' careers as well as embracing strict performance standards at the airports we serve.”

Modern Aviation's CEO, Mark Carmen says: “We founded Modern Aviation to develop a national network of FBOs. The opportunity to acquire Sheltair's five New York locations within our own New York footprint and build upon its well-deserved reputation for client service is a significant milestone in executing our strategy.”