Universal Aviation officially commenced operations at its new General Aviation Terminal (GAT) and fixed-base operator (FBO) facility at King Fahd International Airport (OEDF) in Dammam on September 1, 2026. The launch establishes the first dedicated private aviation terminal and hangar complex in Saudi Arabia.

Announced via a company press release, the opening marks Universal Aviation’s inaugural operational footprint in the Kingdom. The facility’s development was executed in partnership with MATARAT Holding, Dammam Airports Company (DACO), and the General Authority of Civil Aviation (GACA), supporting the broader National Transport and Logistics Strategy under the Saudi Vision 2030 initiative.

Facility specifications and operational scope

According to reporting by Aviation International News, the Dammam complex spans 42,000 square feet. This footprint includes a 22,000-square-foot passenger terminal and a 20,000-square-foot climate-controlled hangar designed specifically for business Commercial-Aircraft.

Prior to the September 1 launch, Universal Aviation secured its GACAR Part 151 certification, the mandatory ground service provider credential issued by GACA. The regulatory authority formally granted the ground handling license on July 26, 2026. This was followed by a final operational readiness review conducted alongside DACO on August 24, 2026, to verify the facility’s preparedness for live traffic.

“Bringing the new Dammam GAT to operational readiness required a tremendous amount of coordination across facility development, staffing, training, equipment, safety systems, regulatory approvals, and operating procedures,” said John Hewett, Global Vice President of Universal Aviation.

Hewett noted that the operation is structured to support clients with proactive communication and coordinated logistics through every stage of a mission, beginning well before an aircraft arrives on the ramp.

Strategic expansion in Saudi Arabia

The Dammam facility represents the first phase of a broader expansion strategy within the country. Universal Aviation plans to operate a total of three locations across Saudi Arabia, with future sites slated for Jeddah and Riyadh.

The upcoming Jeddah location will feature a planned 108,000-square-foot private aviation hangar, significantly expanding the company’s physical infrastructure and aircraft storage capacity in the region.

“Today’s opening is an important milestone, but it is only the beginning of our long-term vision for Saudi Arabia,” said Greg Evans, Managing Principal of the Evans Family Office. “We are committed to investing in the Kingdom, developing Saudi talent, and helping elevate business aviation service standards.”

AirPro News analysis

We view Universal Aviation’s entry into Saudi Arabia as a critical step in maturing the region’s business aviation infrastructure. Historically, business jet operators in the Kingdom have often relied on shared or retrofitted commercial Airports facilities. By introducing purpose-built, climate-controlled hangars and dedicated FBO terminals, Saudi Arabia is aligning its ground handling capabilities with the expectations of international corporate flight departments. This development directly supports the Vision 2030 mandate to increase foreign Investments and tourism by removing logistical friction for high-net-worth and corporate travelers.

Sources: Universal Aviation

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