M&A Deal Summary

Modern Aviation Acquires Mystic Jet Center

On October 12, 2022, Modern Aviation acquired airliner Mystic Jet Center

Acquisition Highlights
  • This is Modern Aviation’s 1st transaction in the Airlines sector.
  • This is Modern Aviation’s 6th transaction in the United States.
  • This is Modern Aviation’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2022-10-12
Target Mystic Jet Center
Sector Airlines
Buyer(s) Modern Aviation
Deal Type Add-on Acquisition

Target

Mystic Jet Center

Groton, Connecticut, United States
Mystic Jet Center is a full-service, family-friendly air transportation service provider, committed to safety and excellent personalized service. Mystic Jet Center is based in Groton, Connecticut.

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Buyer(S) 1

Buyer

Modern Aviation

New York, New York, United States
Category Company
Founded 2017
Sector Aerospace
DESCRIPTION

Modern Aviation is a platform company created to acquire and consolidate fixed-based operators (“FBOs”). Its FBOs hold long-term concessions at the airports where they operate and provide hangar space, fuel, and other aviation services. Modern Aviation was founded in 2017 and is based in New York City.

DEAL STATS #
Overall 7 of 7
Sector (Airlines) 1 of 1
Type (Add-on Acquisition) 6 of 6
State (Connecticut) 1 of 1
Country (United States) 6 of 6
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-12 Columbia Aviation Companies

Trenton, Maine, United States

Columbia Aviation Companies provide aircraft maintenance and a variety of other aviation services. Columbia Aviation Companies was founded in 1980 and is based in Trenton, Maine.

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