Atlantic Aviation Sells Fixed Based Operations at Fresno Yosemite International Airport and Cleveland Cuyahoga County Airport

Macquarie Infrastructure Company announced that its Atlantic Aviation subsidiary has concluded the sale of fixed base operations at Fresno Yosemite International Airport and Cleveland Cuyahoga County Airport.

Hooke notes that Atlantic Aviation anticipates opening a newly constructed FBO at the Will Rogers' airport in Oklahoma City on May 15.

Both sales are subject to satisfaction of conditions consistent with transactions of similar size and complexity. The transactions are not expected to have a material impact on Atlantic's ongoing financial performance.

The facilities and leasehold at Fresno have been sold to a subsidiary of Ross Aviation. The facilities and leasehold at Cleveland Cuyahoga have been sold to a subsidiary of The Cleveland Jet Center. Terms of the sales were not disclosed.

Atlantic continues to operate the largest network of fixed base operations in the U.S. with facilities at 66 airports across the country.

Macquarie Infrastructure Company owns, operates and invests in a diversified group of infrastructure businesses providing basic, everyday services, to customers in the United States. Its ongoing businesses consist of three energy-related businesses including a gas production and distribution business (The Gas Company in Hawaii), a controlling interest in a district energy business (District Energy), and a 50 percent indirect interest in a bulk liquid storage terminal business (International-Matex Tank Terminals). MIC also owns and operates an aviation-related airport services business (Atlantic Aviation). The company is managed by a subsidiary of the Macquarie Group.