Elevate Holdings has acquired Keystone Aviation, a USA-based provider of aircraft charter, management and certified aviation maintenance services.
The move unites two well-established aviation companies with international client bases and long histories of serving the business aviation needs of corporate, government, individual and higher education clients.
Elevate Holdings said the move would continue the growth of its managed fleet, and make it the fifteenth largest aircraft management business in the USA. The company is also acquiring Keystone Aviation’s long-standing maintenance and repair organisation, allowing it to expand its service category.
“Elevate Holdings and Keystone Aviation are both focused on delivering outstanding white-glove service and mission-critical solutions to our clients,” said Greg Raiff, CEO of Elevate Holdings. “We believe the business aviation industry needs a provider large enough to deliver benefits at scale to its clients without sacrificing the personal touch so critical in a high-end service business. Together our teams will continue delivering high-touch experiences with more business aviation options than ever before.”
Aaron Fish, current Keystone Aviation chief operating officer, will lead the new organisation as president. Keystone Aviation employees will continue working alongside the Elevate Holdings team as the companies integrate, while TAC Air, the Keystone Aviation divesting company, will remain involved as a strategic partner.
Any aircraft under Elevate Holdings management will enjoy preferred access at all 16 USA-based TAC Air FBO locations. Additionally, as a part of the transaction, Keystone Aviation – SLC will operate from a new, dedicated client access terminal at Salt Lake City International Airport in Utah, and satellite facilities in Scottsdale, Arizona, and Provo, Utah.
“Together, our combined teams will deliver the required high-touch approach to aircraft management the growing business aviation sector is demanding,” said Fish. “Elevate Holdings has always been a supportive partner, and we are thrilled to continue this relationship filling existing gaps and the current lack of personalisation in the business aviation industry.”
