Apollo Global Management and KKR & Co. Inc. announced a strategic partnership on August 27, 2026, valuing fixed-base operator (FBO) network Atlantic Aviation at nearly $10 billion. The transaction sees Apollo-managed funds acquire a significant stake in the company, while KKR retains a substantial shareholder position.

In a joint press release, the investment firms outlined plans to support the continued expansion of Atlantic Aviation, which provides mission-critical infrastructure such as aircraft fueling and hangar leasing across the United States. The $10 billion valuation represents a sharp increase from the $4.5 billion KKR paid to acquire the company from Macquarie Infrastructure in 2021, reflecting sustained demand for private aviation facilities.

Strategic Investment and Market Positioning

Investments: Apollo has originated $155 billion in infrastructure transactions across various sectors over the past five years. KKR brings extensive sector experience, having invested $12 billion across the aviation industry since 2015 and currently managing $120 billion in infrastructure assets.

David Cohen, a partner at Apollo Global Management, highlighted the company’s irreplicable infrastructure footprint across busy Airports, which is supported by long-term concession agreements.

“The private aviation market has structural tailwinds that we believe will persist, and Atlantic is well positioned to capture that growth. We look forward to working closely with Jeff, the entire Atlantic team and KKR to build on its momentum through targeted investment and strategic new market expansion.”

Dash Lane, a partner at KKR & Co. Inc., noted that the continued support reflects conviction in the platform and the long-term growth of the sector. Lane stated that the firm has worked closely with the Atlantic Aviation team over the past five years to expand and strengthen the business.

Operational Impact for Atlantic Aviation

Atlantic Aviation CEO Jeff Foland characterized the investment as a validation of the company’s performance and potential.

“This transaction is more than a milestone for Atlantic, it is a powerful validation of what our people have built together. To have two of the world’s most respected investment firms choose to invest in our company is an extraordinary endorsement of our people, our performance, and our potential.”

The exact financial terms, including the specific purchase price paid by Apollo and the resulting ownership split between the two firms, were not disclosed in the announcement.

AirPro News analysis

We view the doubling of Atlantic Aviation’s valuation over a five-year period as a clear indicator of the premium placed on established FBO networks. The private aviation sector has experienced sustained structural growth, compounded by broader commercial aircraft shortages and an overall increase in private flight activity. Because airport real estate is finite and long-term concession agreements create high barriers to entry, incumbent FBO operators hold significant pricing power. The combined financial backing of Apollo and KKR will likely accelerate Atlantic Aviation’s acquisition of independent FBOs and expansion into new regional markets.

Sources: Apollo Global Management

Atlantic Aviation has officially commenced construction on a new executive fixed-base operator (FBO) terminal and hangar complex at John C. Tune Airports (JWN) in Nashville, Tennessee, expanding its infrastructure footprint in the region.

Announced in a press release on August 25, 2026, the project is slated for completion in the fourth quarter of 2027. The development follows Atlantic Aviation’s successful bid for a new leasehold through a Metropolitan Nashville Airport Authority (MNAA) request for proposals in May 2025 and complements the company’s existing operations at Nashville International Airport (BNA).

Facility specifications and infrastructure

The planned facility will feature a 7,500-square-foot executive terminal alongside a 37,000-square-foot hangar and office complex. To accommodate aircraft movement and parking, the project includes the development of approximately 175,000 square feet of new ramp space.

The infrastructure upgrades will incorporate a new fuel farm with a 60,000-gallon capacity for Jet-A and a 12,000-gallon capacity for 100LL aviation gasoline. According to the company, the design integrates Sustainability initiatives, including Leadership in Energy and Environmental Design (LEED) focused elements, efficient building systems, and construction waste minimization strategies.

Strategic expansion in the Nashville market

Located eight miles west of downtown Nashville, John C. Tune Airport serves as a primary reliever for BNA and a key gateway for general aviation. MNAA President and Chief Executive Officer Doug Kreulen stated that the expansion marks a major step forward in strengthening access for the area’s growing general aviation community.

“By bringing world-class facilities and services to John C. Tune Airport, Atlantic Aviation is helping us position the airport for long-term success, and we’re excited for the expanded opportunities this Investments will create for our customers and for Middle Tennessee,” Kreulen said.

Atlantic Aviation Chief Executive Officer Jeff Foland described the start of construction as an exciting milestone for the Partnerships. The company previously opened a newly completed FBO facility at BNA in June 2024.

AirPro News analysis

We view Atlantic Aviation’s dual-airport Strategy in Nashville as a direct response to the region’s sustained economic and population growth. By establishing a modern presence at JWN just two years after securing the leasehold, the company is positioning itself to capture overflow corporate traffic that might otherwise face congestion at BNA. The inclusion of substantial ramp space and high-capacity fuel storage indicates an expectation of high-volume, large-cabin business jet traffic at the reliever airport.

Sources: Atlantic Aviation

Avcon Industries, Inc. delivered its first specially modified Beechcraft King Air B200 equipped for large-scale mosquito mitigation to the Lee County Mosquito Control District in Florida on August 25, 2026.

In a press release, the Butler National Corporation subsidiary detailed the engineering modifications designed to support rapid airborne liquid dispersal for disease and pest prevention. The delivery provides the Florida district with a twin-engine turboprop platform capable of covering larger areas than traditional ground-based methods or smaller agricultural aircraft.

Engineering and modification details

The special mission modification centers on a removable external under-fuselage pod. The system incorporates an electric pump, aerodynamic fairings, and dispersal booms to facilitate repeatable fluid application.

Avcon Industries President Marcus Abendroth stated the project highlights the company’s capacity to integrate specialized mission systems into established airframes.

“The King Air B200 provides an excellent platform for this mission, and the solution developed by our team creates an opportunity to support similar mosquito-control and airborne dispersal requirements for other operators,” Abendroth said.

Operational impact in Florida

Mosquito mitigation remains a persistent public health requirement in Florida due to the climate and the associated risk of mosquito-borne illnesses. The Lee County Mosquito Control District utilizes aviation assets to manage these risks across extensive geographical areas.

Wayne Luettich, Aircraft Maintenance Manager for the district, emphasized the importance of the new platform for local residents.

“Mosquito control has become a significant effort in Florida. We have an important mission to mitigate the impact of the mosquitoes on our residents. We look forward to operating the Avcon-modified airplane and appreciate the Avcon engineering services,” Luettich said.

AirPro News analysis

We note that adapting business aviation platforms like the King Air B200 for public health missions reflects a demand for higher payload and extended range in aerial application. While single-engine agricultural aircraft excel in localized operations, twin-engine turboprops offer the speed and capacity required for county-wide vector control, particularly in coastal regions requiring rapid response to emerging public health threats.

Sources: Avcon Industries, Inc.