Skyservice Business Aviation announces agreement to purchase interests in Fontainebleau Aviation's fixed-based operators
October 17, 2023
On October 17, 2023, Skyservice Business Aviation ("Skyservice") announced its agreement to purchase interest in Fontainebleau Aviation's ("Fontainebleau") fixed-based operator at Miami Opa-Locka Executive Airport and a new fixed-based operator currently under construction at Fort Lauderdale-Hollywood International Airport. Financial terms of the transaction were not disclosed, and the investment remains subject to customary approvals.
Skyservice, headquartered in Mississauga, Ontario, is a business aviation company that operates fixed-based operation facilities, manages aircrafts, and charters private jets.
Fontainebleau, based in Opa Locka, Florida, is a real estate development and hospitality group that builds, owns, markets and operates properties in the hospitality, gaming, residential, retail, commercial and luxury services sectors.
McCarthy Tétrault advised Skyservice with a team led by Jake Irwin and Jonathan See, that included David Badour, Jamie Becker, Samantha Pettinato, Alykhan Rahim, Ella Hantho, Krystal Ameteph (Business), Patrick McCay, Randy Schwartz, Stephanie Dewey, Simon Douville, Jeremy Ho, Dean Xiao, Matthew Kraemer, Kathryn Walker (Tax), Ian Mak, Andrea Kareclas, William Lee, Rebecca Scott (Financial Services), and Craig Shirreff (Real Property).