By Gus Jarvis | Montrose
The Black Canyon Jet Center, the Montrose Regional Airport’s only fixed-base operator, has been sold Atlantic Aviation, a Plano, Texas-based operator of 68 FBOs across the country.
Terms of the transaction, which is expected to close on or about June 1, have not been disclosed by Atlantic Aviation or by Jet Center Partners’ Chief Executive Officer Kevin Egan. (Jet Center Partners is the operator of the Black Canyon Jet Center.)
The sale of the Black Canyon Jet Center comes after several years of legal clashes that entangled Jet Center Partners, Montrose County and Majestic Skies, LLC., which intended to open a second FBO at the airport. So far, the contentious and expensive legal challenges have effectively halted the construction of a second FBO at MTJ.
For Atlantic Aviation, the purchase of the Black Canyon Jet Center enables it to expand its presence in resort destinations.
“The addition of the Black Canyon facility enhances both our existing presence at premier resort and skiing destinations including Aspen, Hayden, Rifle and Sun Valley, and our nationwide network generally,” Lou Pepper, CEO of Atlantic Aviation, said on Friday.
Egan did not respond to inquiries about the transaction.
Atlantic Aviation gets an award-winning FBO in the purchase. On April 7, Aviation International News named the Black Canyon Jet Center as the No. 1 FBO in the Rocky Mountain area and among the top 5 percent in the Western Hemisphere.
According to a statement released Saturday by Montrose County Community Relations Manager Katie Yergensen, Montrose County was made aware of the sale on May 6. The sale, however, is subject to the consent of the Montrose Board of County Commissioners. The commissioners, according to the statement, will begin conducting the required due diligence immediately.