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.
BBA Aviation, parent company of the Signature Flight Support FBO chain, has agreed to purchase Executive Beechcraft, which includes four FBOs, a charter/management operation, maintenance and avionics facilities and an aircraft sales division. Executive Beechcraft is a Hawker Beechcraft sales and service center for the Bonanza A36 through the Hawker 400XP and a service center for Cirrus Design and Mooney Aircraft.
London-based BBA Aviation disclosed today it has reached a definitive agreement to acquire Executive Beechcraft, including its four full-service FBOs and their associated maintenance services and charter/management businesses, as well as aircraft sales activities and all aircraft inventory. Executive Beechcraft was founded in 1938 by Dan Meisinger Sr. and is currently owned by members of the Meisinger family.
BBA Aviation, the parent company of Signature Flight Support, released its annual report for last year and the results show that Signature's revenue climbed by 14.1 percent. The FBO network augmented its portfolio over the last year, adding bases in California, Florida and at Paris Le Bourget, for a total of 81 locations worldwide.
BBA Aviation, the UK-based parent company of FBO network Signature Flight Support, released its preliminary annual report for last year and the results are positive. Signature augmented its portfolio by adding three bases–in California, Florida and at Paris Le Bourget. According to the company, continued investment in the quality and capacity of its FBOs will position it well to support the growing demand for business jet facilities.
Responding to increased demand for Rolls-Royce Model 250 turbine engine overhaul and repair, Dallas Airmotive has expanded its services and added a pair of regional sales managers.
The BBA Group has added yet another European business aircraft handling operation to its Signature Flight Support chain with the December 8 acquisition of FBO Shannon on the west coast of Ireland. BBA purchased the FBO from its private owners for $3 million (E2.5 million).
Signature Flight Support announced November 2 a single purchase involving two FBOs: Long Beach Million Air and another at Oxnard Airport near Santa Barbara. The facility at Oxnard will serve as a reliever to Signature’s busy operation at Santa Barbara Municipal Airport.
APPH of Runcorn, England, has purchased Arnoni Aviation, a major independent supplier of Hawker parts. APPH provides specialty aviation services, including hydraulic solutions for the aerospace industry, landing gear systems, actuation systems, hydraulic assemblies, filters and other repair/overhaul services. The company has also changed its name to Arnoni Aviation Services.
Las Vegas; Minneapolis; and West Palm Beach, Fla., were purchased from BBA Aviation to form General Dynamics Aviation Services (GDAS). The following year Gulfstream’s Westfield, Mass., service center was added to the mix, and by March 2003 all five General Dynamics Aviation Services maintenance centers had earned the FAA’s Diamond Certificate of Excellence and each has earned it every year since.
- Page 10