Galaxy Air Services Sold
Privately owned asset management company Black Forest Ventures has purchased the Galaxy Air Services FBO at Lone Star Executive Airport in Conroe, Texas. One of three providers on the Houston-area county-owned airport, Galaxy was created in 2006, and its new owners plan to move it to a larger facility currently under construction on the southeast side of the airport, near the end of Runway 14-32. Black Forest was selected after a formal RFP process to create a new FBO at the airport, and was awarded a 40-year lease on the new 15-acre site. After purchasing Galaxy, the company decided to relocate the existing FBO to the new site. The agreement includes provisions for renewal as well as an option on an additional 75 acres for future development. Plans call for a three-story, 30,000-sq-ft terminal with a restaurant with a panoramic view of the airport, an airside canopy, 80,000 sq ft of hangar space capable of housing the latest long-range business jets, flight-planning rooms, meeting rooms, gourmet catering, covered car parking and car detailing. The new facility is expected to open this fall.