Signature Aviation to Acquire TAC Air

Signature Aviation, the parent company of Signature Flight Support, has entered into an agreement to purchase the FBO holdings of TAC Air, which consist of 16 locations throughout the U.S. The Signature Flight Support FBO chain has more than 200 locations globally.

Among these locations are six where TAC Air is the sole service provider: Buffalo-Niagara [New York] International Airport; McGhee Tyson Airport in Knoxville, Tennessee; Texarkana Regional and Fort Smith Regional airports in Arkansas; Shreveport [Louisiana] Regional Airport; and Rick Husband Amarillo [Texas] International Airport.

Related Article

Signature FBOs Offer Sustainable Fuel

It will be permanently available at San Francisco International Airport and UK’s London Luton Airport.

Signature already operates at Denver Centennial Airport and at Dallas Love Field, where it has three facilities. At three other airports where Signature already operates—Bradley International Airport in Connecticut, North Carolina’s Raleigh-Durham International Airport, and Eppley Airfield in Omaha, Nebraska—the move will make it the only FBO provider, which may result in the company having to divest one facility at each of those locations.

The agreement also includes TAC Air’s hangar complex at Arizona’s Scottsdale Airport, adding some 65,000 square feet of aircraft shelter to the existing Signature facility there.

This marks Signature’s first major acquisition since a consortium of three private equity firms purchased it last year. Subject to regulatory approvals, the transaction is expected to close in the second half of this year.