Atlantic Aviation Five Major FBO Airports Q1 Business Jet Movements Down 3.3% — East Coast KTEB / KPBI Drag Notably; High-Valuation Ownership Change Faces Flow Headwind Test

★★★ AviGo data shows Atlantic Aviation's five core FBO airports Q1 2026 business jet movements totaled 95,241, YoY −3.3% (−3,264). Divergence significant: KTEB −6.8% (−2,153) and KPBI −9.6% (−2,146) are the primary drags, while KLAS +4.2% and KSDL +3.2% show Sunbelt resilience. KG data confirms Atlantic Aviation operates 100+ FBOs and is transitioning from traditional FBO toward aviation real estate and infrastructure management — CEO Jeff Foland has driven recent continuous acquisition expansion. The company expects Q2 2026 ownership change; the previous 2021 KKR acquisition was valued at ~$4.3–4.5B. The new round's expected valuation lacks publicly confirmed specifics, but FBO assets have continued appreciating — market expects valuation significantly above the prior round. Core FBO flow's modest decline provides buyers with valuation negotiation leverage, but the monthly trajectory (January → March monthly recovery) hints at demand normalization.