BATON ROUGE, La.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/fbo?src=hash” target=”_blank”gt;#fbolt;/agt;–The Baton Rouge Jet Center (BTR Jet) will acquire Executive Aviation
(EA) this summer to expand its first-class, fixed-base operator (FBO)
facilities at the Baton Rouge Metro Airport. Following the merger, BTR
Jet expects to make a capital investment of $3 million in the
construction of a new, state-of-the-art FBO operations facility and
three new hangars. The new FBO will be approximately 5,000 square feet,
and the hangars are projected to include 45,000 square feet of hangar
space with high doors to accommodate larger jets than can currently be
housed in Baton Rouge. BTR Jet will acquire EA through an asset purchase.
The construction, which is estimated to be completed in approximately
one year, will allow BTR Jet to relocate its operations to the EA site,
while retaining some operations at its current facility. The completion
of this project will result in the Baton Rouge Metro Airport having a
first-class FBO facility that will rival the finest airports in the
country.
Brett Furr, President of BTR Jet, said, “In a little over three years,
BTR Jet has grown to be the number one FBO on the field. We have
achieved this through concierge service at fair prices. We have rapidly
outgrown our facilities and have much need for expansion. This
opportunity will allow BTR Jet to continue to expand. It is also a great
fit since the owners of BTR Jet and Executive share common values. When
completed, our new facilities will be among the finest in the country
and will distinguish Baton Rouge in a very positive manner. The customer
base for BTR Jet and EA should anticipate a smooth transition once the
merger has begun.”
John Schempf, President of the Newtron Group, the parent company of
Executive Aviation, said, “BTR Jet was looking to expand its footprint
and The Newtron Group was looking to focus on its core construction
business. This opportunity was truly a positive for both buyer and
seller. The fact that we know the ownership team of BTR Jet and are
familiar with their operational values and beliefs helped us feel
comfortable that the long-term employees of Executive Aviation would be
in great hands with BTR Jet. That really helped to close this deal.”
About Baton Rouge Jet Center (BTR Jet)
Since opening on September 25, 2015, BTR Jet has become the top FBO in
the field in the number of aviation gallons sold to general aviation
customers. BTR Jet has also created 9 new jobs. It prides itself in
providing the highest level of service at the most favorable price. BTR
Jet obtained Corporate Aviation Association certification driving
substantial general aviation traffic to Baton Rouge.
About Executive Aviation
Founded in 1973 by Newton Thomas, Executive Aviation is the oldest FBO
at the Baton Rouge Metro Airport. It has a solid customer base of
long-standing tenants and an outstanding staff.
Contacts
Lindsey Shemroske, 985-807-4124
[email protected]
