Local aviation company Aero Management Group has acquired the leasehold rights to Indianapolis Regional Airport in Greenfield and is planning numerous capital improvements and the addition of charter service.
Indianapolis Regional Airport, 3867 N. Aviation Way, is one of several general aviation airports owned by the Indianapolis Airport Authority, which also owns and operates Indianapolis International Airport.
Aero, based in Greenfield, acquired the leasehold rights at the regional airport by purchasing another local company, Indy Jet.
Indy Jet held the leasehold right to serve as the Greenfield airport’s fixed base operator—the entity that runs the airport and offers services including fueling, aircraft maintenance, flight training and more. With the acquisition, Aero now owns those leasehold rights and is the airport’s fixed base operator.
The Indy Jet acquisition closed Dec. 31. Aero declined to disclose financial terms of the deal.
Aero plans a makeover to the airport’s exterior and upgrades to landscaping, carpeting, paint and woodwork. The improvements should be complete by the end of next quarter.
“It will be a completely new look, and a significant investment on our part,” said Aero CEO and owner, Quinn Ricker, the former president and CEO of Ricker Oil Co.
Ricker said Aero is also planning to introduce on-demand air charter service at the Greenfield airport through Jet Access Aviation, a Palm Beach, Florida-based company in which Aero owns a 50% stake.
Aero has seven other airport aviation service locations in four states and a charter certificate with 46 jets managed and or chartered on behalf of clients. The company said it planned to rebrand its private jet and aviation business to Jet Access to align it with its charter business.