Bain Capital Enters FBO Sector With APP Jet Center

Bain Capital entered the fixed-base operator (FBO) sector by acquiring APP Jet Center, a provider of aviation services at supply-constrained airports in the United States. The acquisition of the five-location platform was made from Ridgewood Infrastructure.

APP Jet Center operates five locations serving business and general aviation customers in South Florida, the Washington, D.C. region, the San Francisco Bay Area, and Denver. The platform offers aircraft hangar space and fueling, plus related aviation real estate services. Mark Johnstone, former CEO of Signature Aviation, will lead the business.

Bain Capital plans to expand APP’s footprint with additional high-quality assets in similar capacity-constrained markets.