AFCO has completed the acquisition of the trade name and assets of AvPORTS, which includes seven U.S. airport management contracts, from Macquarie Aviation North America, effective January 1, 2009.

The assets being acquired by AFCO include management contracts to manage the airports on behalf of local governments at Albany International Airport (ALB) in Albany, New York; Atlantic City International Airport (ACY) in Atlantic City, New Jersey; Republic Airport (FRG) in Farmingdale, New York; Stewart International Airport (SWF) in the City of Newburgh and the Town of New Windsor, New York; Teterboro Airport (TEB) in Teterboro, New Jersey; Tweed-New Haven Regional Airport (HVN) in New Haven, Connecticut; and Westchester County Airport (HPN) in White Plains, New York.

“We are very excited about our acquisition of the AvPORTS assets”, said Francis X. Chambers, Jr., President and CEO of AFCO.  “AvPORTS is a well respected company with a terrific management team that is rich in history and will complement AFCO as it continues to grow and expand its aviation business”.

AvPORTS originated more than 80 years ago as Pan Am World Services, a division of Pam American Airlines and in subsequent buyouts has operated under the name of Johnson Controls World Services and American Port Services.  AvPORTS is currently one of the largest private airport management companies in the U.S. with more than 500 employees.

Contact:   Chuck Stipancic, Executive Vice President & COO

               703-902-1187

               cstipancic@afcoinc.com