March 10, 2024
Four Corners Aviation has acquired charter and aircraft management company UltraAir.
The Omaha, Nebraska-based provider has a fleet of four Learjet 45s and a Falcon 7X, according to Amstat.
“As we continue to grow all segments of our business, this acquisition helps us scale up our operation,” said Brian Proctor, CEO of Four Corners.
It’s the second M&A deal since the beginning of September after a pause of several months.
UltraAir was founded in 2002 and has served customers through aircraft charter and management, as well as aircraft sales.
Over time, UltraAir will be operationally folded into Four Corners Aviation.
A corporate presence, including a fleet of aircraft, will continue to be maintained in Omaha.
“As a company, UltraAir embodies the same values we do, We understand that customers are looking for solutions, and that’s what we deliver. Our growth strategy is focused on customer service and building a customized solution for each client we serve,” Proctor noted.
Four Corners Aviation offers a suite of solutions for private aviation users.
The company’s flagship product launched last year, known as Freedom, is positioned as a Corporate Jet as a Service (CJaaS) solution.
Freedom enables business jet users to have the flexibility and all the other benefits of whole aircraft ownership without administrative hassles, responsibilities, and expenses.
Earlier this year, it tabbed for Air Partner U.S. sales boss Vincent Kavanagh to head sales.
Four Corners Aviation, headquartered in Frisco, Texas, was formed in October 2021 through a partnership between Mente Group and Aquila Aviation Ventures.
Mente Group, a business aircraft brokerage and consultancy firm, and Four Corners Aviation are both holdings of Aquila Aviation Ventures.
