Elevate Holdings’ acquisition of Keystone Aviation will fill ‘existing gaps’
New Hampshire-based parent of Private Jet Services Group, Elevate Holdings has acquired Keystone Aviation, a move Keystone’s new president, Aaron Fish says will fill “existing gaps and the current lack of personalisation in the business aviation industry.”
By bringing together both entities, Elevate said it will become the 15th largest aircraft management firm in the US. Keystone will add 13 charter aircraft to Elevate’s six. Aircraft range from large cabin Gulfstream long-range jets to single-engine Pilatus PC-12 turboprops.
As a part of the acquisition, the company is also acquiring Keystone Aviation’s MRO organisation, enabling Elevate to grow its service category.
“Together, our combined teams will deliver the required high-touch approach to aircraft management – the growing business aviation sector is demanding,” added Fish.
Greg Raiff, CEO of Elevate Holdings, said: “Elevate Holdings and Keystone Aviation are both focused on delivering outstanding white-glove service and mission-critical solutions to our clients. We believe the business aviation industry needs a provider large enough to deliver benefits at scale to its clients without sacrificing the personal touch so critical in a high-end service business.”
Keystone employees will continue working alongside the Elevate team as the companies integrate, while The Arnold Companies (TAC) Air, Keystone’s divesting company, will remain involved as a strategic partner. Any aircraft under Elevate Holdings management will enjoy preferred access at all 16 US-based TAC FBOs.