Elevate Holdings, the parent company of Private Jet Services and Elevate Jet, has acquired Keystone Aviation, a provider of aircraft charter, management and certified aviation maintenance services headquartered in Salt Lake City, Utah. The move unites two well-established aviation companies with extensive international client bases and long histories of serving the business aviation needs of corporate, government, individual and higher education clients.

By bringing together both entities, Elevate Holdings will continue growing its managed fleet and become the 15th largest aircraft management business in the United States. As a part of the acquisition, the company is also acquiring Keystone Aviation's MRO, allowing it to expand its service category.

“Elevate Holdings and Keystone Aviation are both focused on delivering outstanding white glove service and mission-critical solutions to our clients,” says Elevate CEO Greg Raiff. “We believe the business aviation industry needs a provider large enough to deliver benefits at scale to its clients without sacrificing the personal touch so critical in a high end service business. Together our teams will continue delivering high touch experiences with more business aviation options than ever before.”

Current Keystone Aviation chief operating officer Aaron Fish will lead the new organisation as president. Keystone Aviation employees will continue working alongside the Elevate Holdings team as the companies integrate, while TAC Air, the Keystone Aviation divesting company, will remain involved as a strategic partner. Any aircraft under Elevate Holdings management will enjoy preferred access at all 16 US-based TAC Air FBO locations. Additionally, as a part of the transaction, Keystone Aviation will operate from a new, dedicated client access terminal at the Salt Lake City International airport and satellite facilities at Scottsdale airport in Arizona and Provo airport in Utah.

“Together, our combined teams will deliver the required high touch approach to aircraft management that the growing business aviation sector is demanding,” adds Fish. “Elevate Holdings has always been a supportive partner, and we are thrilled to continue this relationship, filling existing gaps and the current lack of personalisation in the business aviation industry.”