Midlantic Jet Aviation, a local company that provides ground services and also operates a fleet of charter aircraft at Atlantic City International Airport, is being sold to a Houston-based outfit, according to multiple sources.
The buyer, Landmark Aviation, is one of the biggest names in general aviation and specializes in the same type of services that Midlantic has performed at the airport.
Amanda Hoffman, Landmark's marketing manager, said the company would have no comment until it issues a press release. Richard Hendrickson, Midlantic's president, did not respond to email and phone messages seeking comment.
Sources in the aviation industry said the deal is expected to become final later this month. Terms were not disclosed.
Landmark, which has more than 50 locations in the United States, Canada and France, is one of the world's largest companies providing airport ground services. In February, it began ground operations and charter flights at King County International Airport in Seattle through its acquisition of another company.
Landmark already has a presence in New Jersey at Teterboro Airport, Bergen County. Its acquisition of Midlantic will put it in position to capitalize on Atlantic City International's growth plan orchestrated by the airport's new manager, the Port Authority of New York and New Jersey.
Atlantic City International, located 10 miles west of the city in Egg Harbor Township, is trying to attract more commercial companies at the same time it is looking to build up its passenger airline service. Over the years, township-based Midlantic Jet often was cited as the type of commercial company that is key to the airport's hoped-for evolution into a bustling travel hub.
Midlantic started humbly in 1982 as a small air charter operator. In the past two decades, it branched out to other facets of the aviation business during steady growth that transformed it into the biggest commercial company at Atlantic City International. Its expansion included taking over a nearly 30,000-square-foot maintenance hangar formerly owned by Raytheon Aircraft Services.
Among its ground services as the airport's "fixed-base operator," Midlantic fuels planes, performs aircraft maintenance and provides hangar space. It also operates charter flights through a fleet of corporate jets and twin-engine planes, according to the company website.
Midlantic's long-time presence in South Jersey aviation also included operating air charters out of the now-defunct Bader Field airport in Atlantic City and ground services at Millville Municipal Airport. It sold its Millville operation about 10 years ago.
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