AUSTIN-A fixed-based operator at Austin-Bergstrom International Airport has been purchased by a Houston company, BlueStar Leasing Inc. The deal included a fixed base operation in Greeley, CO.

BlueStar acquired 100% ownership of Sterling Austin Aero LP., which includes Austin Aero Jet Center at the city’s’ airport. The operation’s 15,000-sf terminal was built in 1999, the same time the airport was transformed from a US Air Force base to municipal airport. It includes a boarding and waiting area, nine acres of ramp space, 65 tie-down spaces, 14,000 sf of hangars and several amenities.

The Greeley operation, Greeley-Weld Jet Center, has a new terminal, an 81,000-foot ramp and a 10,000-foot runway. Under the terms of acquisition, BlueStar issued 5.31 million shares of common stock, 26.3% of the shares outstanding following the acquisition.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper


GlobeSt. NET LEASE Fall 2023Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.