Modern Aviation Acquires Clay Lacy FBO in Seattle

Modern Aviation—an upstart FBO network backed by private equity firm Tiger Infrastructure Partners—has acquired the Clay Lacy Aviation FBO at Boeing Field (BFI) in Seattle, the company announced December 26. The deal with Clay Lacy owner Gateway USA gives Modern Aviation 65,000 square feet of hangar space, 18,000 square feet of terminal and office space, and MRO services through its Part 145 repair station. Modern Aviation also acquires the Quest Kodiak dealership and service center for the Pacific Northwest as part of the deal.

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Founded in 2017, Modern Aviation jumped into the FBO market with the purchase of Air Wilmington at Wilmington International Airport in North Carolina in February and then significantly expanded with the acquisition of XJet at Centennial Airport (APA) in Denver in September. Modern Aviation operates under its own name in Denver and as Air Wilmington in North Carolina. It will rebrand the Seattle FBO as Modern Aviation in the first quarter of 2019.