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Solairus to Acquire Clay Lacy Management and Charter Divisions

Solairus to Acquire Clay Lacy Management and Charter Divisions
Solairus Aviation has announced a definitive agreement to acquire the aircraft management and charter divisions of Clay Lacy Aviation, a transaction poised to significantly impact the U.S. private aviation sector. The deal, whose financial terms remain undisclosed, is expected to close by the end of September 2026, subject to regulatory approvals. Upon completion, Solairus will operate a combined fleet exceeding 500 aircraft, consolidating its position as a leading private aviation provider.
Strategic Rationale and Fleet Expansion
Dan Drohan, founder and CEO of Solairus, emphasized that the acquisition is driven not by fleet size but by the alignment of corporate values and commitment to personalized service. “This has little to do with size—Solairus already manages the largest fleet of managed aircraft in the United States,” Drohan stated. “What matters is that this brings together two like-minded companies built on a passion for personalised service and the most forward-thinking support systems in the industry. We will work hard every day to be the best, not just the biggest.”
The acquisition will add approximately 140 aircraft from Clay Lacy’s managed fleet to Solairus’s existing portfolio of around 360 aircraft. These assets are distributed across more than 100 bases throughout North America. Clay Lacy’s Part 135 certificate encompasses 51 aircraft, while Solairus holds certification for 144 aircraft, ranging from Beech twin turboprops to ultra-long-range jets such as the Gulfstream G700, G800, and Bombardier Global 7500. In total, 152 aircraft within the combined fleet fall into the large-cabin, long-range category or above, underscoring the scale and capability of the merged operation.
Solairus anticipates that the merger will enable more effective management of rising operational costs, facilitate improved pricing negotiations, broaden access to aircraft, and enhance overall service offerings. The company will maintain its headquarters in Petaluma, California, with additional offices in Los Angeles and New York.
Perspectives and Future Focus
Brian Kirkdoffer, chairman of Clay Lacy’s board, expressed confidence in the transition, highlighting the shared philosophies between the two companies as a key factor in the decision. “We know that we're putting our valued clients in good hands with Solairus,” Kirkdoffer remarked. Following the divestiture, Clay Lacy will concentrate on its aviation infrastructure businesses, including fixed-base operations (FBOs), aviation real estate, and aircraft maintenance. Kirkdoffer noted that these sectors remain robust and full of growth potential, signaling a strategic refocus for the company.
Industry Implications and Transaction Details
The integration of two substantial fleets presents several challenges, including securing necessary regulatory approvals, harmonizing operational systems, and ensuring uninterrupted service for existing clients. Industry analysts suggest that this consolidation could intensify competition among private jet operators, potentially prompting rivals to pursue strategic acquisitions or adjust pricing strategies to safeguard market share.
Jefferies served as the exclusive financial advisor to Clay Lacy in the transaction. Solairus has been under the ownership of private equity firm Ancient since 2022, which also holds Burgess, a prominent superyacht brokerage and management company.

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