SR Aviation Infrastructure Appoints NetJets Real Estate Executive Scott Jacobs as VP of Development
Why It MattersHiring a fleet operator's real estate head signals that hangar capacity is now treated as a development-led infrastructure asset class, where supply shortages and congested New York-area airports shape where investment goes.
What happened
SR Aviation Infrastructure (SRAI), an investment platform that acquires, develops and leases aviation real estate, has appointed Scott Jacobs as vice president of development. Jacobs joins from NetJets, where he was vice president of global corporate real estate.
Jacobs will lead projects from client approval through delivery, supporting private aircraft owners, FBOs, charter operators and other users. He has more than 28 years of experience across aviation, real estate, development, design, construction and facilities management.
SRAI launched in 2025 and now operates in five US markets. The company says its portfolio responds to a significant imbalance between hangar supply and demand in private aviation.
Its Las Vegas platform at Harry Reid International Airport includes 37 hangars with 268,000 sq ft of hangar space and 32,000 sq ft of offices, all with direct runway access. SRAI planned to break ground in October on three new hangars for larger business aircraft.
At Farmingdale, New York, the company is developing a multi-phase project on more than 50 acres, with a hangar facility featuring 28-foot door heights for the latest private jets. SRAI positions the project as relief for congestion and delays at Teterboro and Westchester County.
Industry impact & what to watch
Hangar space has become a scarce input for private aviation, and SRAI's own framing of a supply-demand imbalance reflects why investors are building platforms around it. Owners, FBOs and charter operators all compete for covered, runway-adjacent space, so capacity added at the right airport can carry as much commercial weight as the aircraft it houses.
Bringing in an executive from a large fleet operator's real estate function suggests that delivery capability, not just land acquisition, is what such platforms need to scale. Projects that run from client approval to handover depend on design, construction and facilities experience being in-house.
The Farmingdale project is the clearest test of that approach. Its 28-foot door heights target the latest private jets, and its positioning against Teterboro and Westchester County congestion will show whether purpose-built hangar capacity can pull activity away from the busiest New York-area airports.
