Skyservice and Fontainebleau Development Partner to Develop New Fort Lauderdale FBO

Feb. 22, 2024

Skyservice Business Aviation announced the completion of its investment in Fontainebleau Aviation's fixed-based operator (FBO) development project at Fort Lauderdale-Hollywood International Airport ("FLL").  This exciting venture marks the first co-development project between Skyservice and Fontainebleau Development as the companies join forces to create Florida's ultimate private aviation gateway for leisure and business travel.  

"The collaboration between Skyservice and Fontainebleau in developing the new era of FBOs has been remarkable," says Skyservice Chief Executive Officer Benjamin Murray. "Today's clients expect the amenities and conveniences of an FBO to match those of the best hotels, as well as efficiency and safety that exceed any standard or policy. We're pleased to work with FLL and Broward County to meet these expectations and provide the best of what business aviation has to offer."

The Fontainebleau Aviation FBO at FLL, which is expected to be complete by early 2025, will support an 80,000-square-foot hangar, a 25,000-square-foot opulent lobby and hangar offices, and an executive suite that includes an AV-equipped board room accommodating groups up to 20 people. The facilities have been expertly engineered to support the largest of business aircraft. Fontainebleau Aviation is now accepting hangar lease agreements.

"We are thrilled to partner with Skyservice to develop a one-of-a-kind luxury FBO grounded in 37 years of aviation thought leadership and award-winning service and safety," says Fontainebleau Development Chairman and Chief Executive Officer Jeffrey Soffer. "This is a first in our expanding portfolio of premier destinations and best-in-class luxury experiences to bring to the aviation industry."

Home to five of the top 25 busiest business aviation airports in the United States, Florida is one of the most significant markets in the industry. Upon completion, the Fort Lauderdale FBO positions Skyservice, through its joint venture with Fontainebleau Development, at two of the state's busiest business aviation airports: Fort Lauderdale-Hollywood International Airport  and Miami-Opa locka Executive Airport.

Financial terms of the transaction were not disclosed. Skyservice was provided with legal advice by McCarthy Tétrault LLP and DLA Piper LLP. Fontainebleau Development was represented by Cooley LLP and advised by William Blair & Company.