Hawthorne Global Aviation Services Acquires New Orleans FBO

The FBO is a premier provider of general aviation services at New Orleans Lakefront Airport, with over 50,000 square feet of hangar space which can accommodate aircraft up to the size of a Gulfstream 550.


CHARLESTON, SC -- (Marketwire - Jul 24, 2012) - Hawthorne Global Aviation Services today announced the acquisition of a controlling interest of Aeropremier, a Fixed Based Operator (FBO) for private jets at New Orleans Lakefront Airport (KNEW).

The FBO is a premier provider of general aviation services at New Orleans Lakefront Airport, with over 50,000 square feet of hangar space which can accommodate aircraft up to the size of a Gulfstream 550. Hawthorne is a general aviation services company which was founded in 1932 and is headquartered in Charleston, SC. Through its 80 year history it has been involved in all aspects of the aviation industry.

Steven Levesque, President & CEO of Hawthorne, said, "The newly renovated facility provides a first class gateway to New Orleans and is only 15 minutes from the heart of the city. We are pleased to have been able to add such a great facility on a major general aviation airport as our initial presence on the Gulf Coast."

The hangars and general aviation terminal underwent extensive renovations over the last year and re-opened in February 2012. The facilities feature state of the art flight planning, new hospitality and conference rooms, and expanded pilot amenities including sleep rooms and upgraded restrooms with private shower facilities. The FBO will be rebranded as a Hawthorne facility and added to the expanding network.

Moelis Capital Partners and Hawthorne Corporation formed Hawthorne Global Aviation Services in November of 2011 and Moelis Capital Partners, alongside its equity investment, provides the company with strategic advice.

ABOUT HAWTHORNE GLOBAL AVIATION SERVICES
Hawthorne Global Aviation Services is a premier provider of general aviation services with a rich history in the industry dating back to 1932. For more information, please visit. www.hawthorne.aero.

ABOUT MOELIS CAPITAL PARTNERS
Moelis Capital Partners is a middle market private equity firm founded in 2007 in connection with the formation of Moelis & Company, a global independent investment bank. Moelis Capital Partners manages $700 million of committed private equity capital and specializes in traditional private equity investments in the middle market. For more information, please visit www.moeliscapital.com

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