Less than a month after acquiring Marathon Flight Services at Kissimmee (Fla.) Gateway Airport and Carolina Air Center in Hilton Head, S.C., Signature Flight Support this week bought Regent Aviation’s FBOs at St. Paul Downtown and Rochester International Airports in Minnesota.
Gulfstream Aerospace acquired the maintenance operation of BBA Aviation’s facility at London Luton Airport, making the facility the first Gulfstream-owned service center outside the U.S. The facility will continue to provide maintenance for Citations, Falcons and Hawkers, as well as all Gulfstreams.
In its second acquisition of a Sabreliner division in less than a month, the UK’s BBA Group plans to purchase the Midcoast Aviation FBO at St. Louis Lambert International Airport. In late April BBA acquired Sabreliner’s Premier Turbines major engine overhaul and maintenance business.
As the first steps in its strategic plan to concentrate Sabreliner’s future growth on airframe maintenance, modification and completions, the St. Louis-based company in late April sold its major engine repair and overhaul subsidiary Premier Turbines to BBA Aviation Services Group, where it will be managed by subsidiary Dallas Airmotive.
Aviation–and more particularly business aviation–is increasingly becoming the dominant component in the portfolio of UK public company BBA Group. The London-based group aviation holdings on both sides of the Atlantic now account for close to 60 percent of its worldwide business (out of approximately $2.3 billion total revenues recorded last year).
Signature Flight Support has agreed to buy a controlling stake in Greek FBO group Athens Aviation Services (see page 125) for $1.8 million (£1 million). Signature parent BBA Aviation announced the deal, which is subject to regulatory approval, on September 2.
APPH Group (Booth No. 4551), a wholly owned subsidiary of BBA Aviation, announced here that Commercial Aircraft Products (CAP) and Airight, two APPH Group companies, have merged and will be renamed APPH Wichita. CAP designs and manufactures hydraulic system components, electromechanical positioning systems and access mechanisms for a wide range of business aircraft.
Dallas Airmotive (Booth No. 1400), an OEM-authorized turbine engine repair and overhaul provider, will be relocating its Minneapolis regional turbine center to St. Paul Downtown Airport in December. The company has “outgrown the available space” at the General Dynamics Aviation Services hangar at Minneapolis-St. Paul International Airport, said Mike Cumnock, vice president of customer service.
Signature Flight Support parent BBA Aviation sold Oxford Airport in the UK to private investment group OA Acquisitions for £40 million ($80 million) late last month. The new owner is part of the Aldersgate Investments group, controlled by multi-millionaire British real estate developers David and Simon Reuben. The brothers declined to comment on their intentions for the airport, which has been trying to attract more business aviation traffic.
Signature Flight Support’s parent BBA Aviation has sold Oxford Airport in the UK to private investment group OA Acquisitions for £40 million ($80 million). The new owner is part of the Aldersgate Investments group controlled by multi-millionaire British real estate developers David and Simon Reuben.