Ocean Aviation, backed by Kennedy Lewis Investment Management (“Kennedy Lewis”), broke ground on October 7, 2026 on a new private aviation campus at Miami Executive Airport (KTMB). The development represents a $67 million capital commitment, which will establish a state-of-the-art facility designed to accommodate up to 400,000 square feet of hangar space across communal and private configurations, a premium terminal, and a fuel farm.

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Rendering of Ocean Aviation’s planned flagship FBO at Miami Executive Airport.

Rendering of Ocean Aviation’s planned flagship FBO at Miami Executive Airport.

A Platform Built for South Florida’s Private Aviation Market

Ocean Aviation was established in 2024 with the execution of a 40-year, 40-acre ground lease at Miami Executive Airport, positioning the company to develop one of the most significant new fixed base operator (“FBO”) facilities in the southeastern United States. Ocean Aviation has since expanded its South Florida footprint with the September 2026 acquisition of National Jets at Fort Lauderdale-Hollywood International Airport (KFLL), a Fort Lauderdale FBO with more than 60 years of history. National Jets will continue to operate under its established name, and together KTMB and KFLL form a dual-airport network serving the Miami–Fort Lauderdale metro.

The development serves the growing base of ultra-high-net-worth individuals, corporate flight departments, and international private aviation operators across the Miami metro, one of the most supply-constrained and fastest-growing private aviation markets in the United States.

A Modern Gateway for General Aviation

The new development will include a fuel farm, a state-of-the-art FBO, communal and private aircraft hangars, and the relocation of the Wings Over Miami Air Museum. The project also includes a 32,000-square-foot common-use taxi lane and common-use ramp serving U.S. Customs and Border Protection, creating infrastructure designed to support more efficient aircraft movements and international general aviation operations.

At the center of the development will be Ocean Aviation’s new FBO, envisioned as a modern gateway for private, corporate and general aviation customers using Miami Executive Airport. The facility will be complemented by communal and private hangar space, providing additional aircraft storage and operational capacity. Together, these improvements represent a substantial modernization of both the airside and landside environment at the airport.

A New Home for the Wings Over Miami Air Museum

A significant community component of the development will be the relocation of the Wings Over Miami Air Museum to a new home at Miami Executive Airport. The museum preserves and displays historic aircraft and aviation artifacts while supporting aviation education and maintaining an important connection to South Florida’s aviation history.

Design-Build Delivery

The project will be delivered through a design-build model led by Lemartec, with Schenkel Shultz serving as the design partner. The integrated delivery approach brings together aviation planning, design and construction expertise to develop a cohesive facility capable of supporting the specialized operational requirements of a modern FBO and aviation development.

“Ocean Aviation is an incredible vision becoming reality today. Through my career in Formula 1 and Indycar, I’ve had the chance to work with some of the most brilliant people and what I’ve learned is that every detail matters, even the smallest ones. This is our philosophy and why we want to set new standards for private aviation through exceptional service, thoughtful design and operational excellence. Breaking ground at Miami Executive Airport is a defining milestone for our company — it allows us to create a flagship aviation campus built around the needs of aircraft owners, operators and flight departments, and to set a new standard for the FBO experience in South Florida.”

— Romain Grosjean, Executive Chairman, Ocean Aviation

“Today’s groundbreaking reflects our continued conviction in the South Florida market and our commitment to building a world-class FBO platform. Durable demand across the region, a 40-year ground lease here at Miami Executive, and the airport’s growing role as a general aviation port of entry make this a cornerstone asset for the Ocean Aviation platform. With a team on the ground in Miami and a platform that now includes National Jets in Fort Lauderdale, we’re proud to partner with Miami-Dade County in building infrastructure that will drive jobs and economic growth across South Florida for decades to come.”

— David Chene, Managing Partner, Kennedy Lewis Investment Management

“It is a privilege for Lemartec and the MasTec General Building Group to continue supporting Miami-Dade County and the Miami-Dade Aviation Department while helping bring Ocean Aviation’s vision to life. After delivering critical public infrastructure projects across the county, we are proud to partner on this transformative private investment. Ocean Aviation is setting a new standard for private aviation through innovation, service, and operational excellence, and we are honored to help build a facility that will shape the future of aviation in Miami.”

— Manny Garcia-Tuñón, Group President, Lemartec

ABOUT OCEAN AVIATION

Ocean Aviation is a premium private aviation services company backed by Kennedy Lewis Investment Management, building a best-in-class FBO platform in key U.S. aviation markets. Founded in 2024, Ocean Aviation is developing one of the most ambitious purpose-built FBO facilities in the southeastern United States at Miami Executive Airport (KTMB), and recently acquired National Jets at Fort Lauderdale-Hollywood International Airport (KFLL). Ocean Aviation is led by an experienced team of aviation and real estate professionals and is supported by Kennedy Lewis’s flexible capital platform and deep industry relationships.

ABOUT KENNEDY LEWIS INVESTMENT MANAGEMENT

Kennedy Lewis is an alternative investment firm founded in 2017 by David K. Chene and Darren L. Richman with approximately $37 billion under management. The firm provides flexible capital solutions and partners with businesses navigating periods of transition and transformation.

This press release contains forward-looking statements based on current expectations and assumptions. Actual results may differ materially. This release is for informational purposes only and does not constitute an offer to sell or a solicitation to buy any securities.

To request materials in accessible format, Sign Language Interpreters, CART services and/or any accommodation to participate in any Miami-Dade Aviation Department (MDAD) public meetings and events, please email the ADA Office at ADAcoordinator@miami-airport.com or call the office at 305-869-1859 five days in advance to initiate your request. Persons who are deaf or hard of hearing may also call 711 (Florida Relay Service).

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