Landmark Aviation grows in Europe
US-based Landmark Aviation, owned by the Carlyle Group has grown in Europe with the acquisition of three FBOs in the UK.
Landmark Aviation was exhibiting at EBACE 2014 in Geneva and Dan Bucaro, president and CEO, found time from his busy schedule to speak to Corporate Jet Investor about the company.
Having grown significantly since the beginning of the year, Landmark Aviation is now one of the world’s largest FBO networks; it now has a total of 76 FBOs in US, Canada and Europe.
The company is on the process of completing the acquisition of Ross Aviation, which will add 20 facilities to its portfolio, and has been growing its managed charter fleet primarily through acquisitions of FBOs.
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In Europe, Landmark has 10 FBOs in France and three in the UK. Landmark operates three FBOs in Canada and 60 FBOs in the US, including six in the Hawaiian Islands (these are part of the Ross Aviation acquisition).
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The company also has many MRO facilities attached to the FBOs, enhancing the offerings that can be made to customers.
Bucaro says: “It’s not about being the biggest but being more relevant to our customers.”
With signs of more consistent growth now be seeing in the industry – particularly in the US – Bucaro says that Landmark is open to further European expansion and will consider buying a single FBO or groups of facilities if the right opportunities present themselves.
Announcing more news at EBACE last week, Landmark promoted a number of senior executives, including Ted Hamilton to chief operating officer.
The company is also preparing to host a grand opening of its new and refurbished Paris – Le Bourget FBO in June, which is part of its ongoing European refurbishment programme.