Modern Aviation Agrees to Acquire Sheltair Aviation’s Five New York Locations

Modern Aviation, a New York based company, announced it has a definitive agreement with Sheltair Aviation, the nation’s largest privately owned aviation network, to acquire the operations and facilities underlying Sheltair’s five New York FBOs following the review and approval of appropriate government agencies. The agreement is subject to review and approval of various government agencies.

The Sheltair properties under contract include those at LaGuardia, JFK, Westhampton, Republic/Farmingdale, and Long Island MacArthur Airports. Sheltair and Modern expect the transaction to close in the fourth quarter of 2021.