Puerto Rico FBO Changes Hands
The purchase of Signature Flight Support's facility by Million Air San Juan leaves it as the lone ground-support provider for bizav at Fernando Luis Ribas
Million Air San Juan has acquired competitor Signature Flight Support’s facility at Puerto Rico’s Fernando Luis Ribas Dominicci Airport (TJIG). The move makes Million Air the only FBO at the San Juan gateway, which offers a 5,539-foot runway.
The Signature facility never truly recovered from the damage suffered during 2017’s ferocious Hurricane Maria, according to Million Air San Juan president Thomas Hill. He told BJT he plans to renovate and relocate the FBO's ground-handling operations into the 5,000-square-foot former Signature terminal, which has taller ceilings and more glass than the current Million Air terminal. The purchase also adds nearly four acres of ramp space. The company already has 88,000 square feet of hangar space at TJIG, and it has cleared away the small, rundown hangars on the new property in preparation for building a 30,000-square-foot hurricane-proof concrete hangar, capable of sheltering the latest big business jets. Altogether, it expects to spend $6 million on the project, which is slated for completion in late 2020.