New FBO planned for Chicago Executive Airport

Hawthorne Global Aviation Services has acquired the development rights for an FBO at Chicago Executive Airport (PWK).

Hawthorne, which acquired the rights from from Sovereign Development Group, plans to begin construction on the FBO at Chicago Executive Airport immediately, with plans for completion in 2014.

“The acquisition of the development rights for a new FBO at the Chicago Executive Airport establishes our presence in Chicago, a vibrant top three general aviation market. With this planned FBO, it broadens our geographic footprint of FBOs throughout the U.S. to now include the Midwest,” said Steven Levesque, President and CEO of Hawthorne, which is based in Charleston, S.C.

The planned FBO at Chicago Executive Airport will expand the Hawthorne network of FBOs across North America that includes FBOs at Lakefront Airport in New Orleans (NEW) and at Long Island MacArthur Airport in Islip, NY (ISP).

Chicago Executive Airport is the fourth busiest airport in Illinois and is a general aviation reliever for the region, which includes O’Hare International Airport. It includes three active runways and more than 412 acres. The airport is managed under the guidance of the Chicago Executive Airport Board of Directors, an advisory board of members from each municipality.

Moelis Capital Partners (MCP) and Hawthorne Corporation formed Hawthorne in 2010 to pursue an FBO acquisition strategy.

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