Report Shows Business Improved for Signature
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. According to the company, continued investment in the quality and capacity of its FBOs will position it well to handle the growing demand for business jet facilities. Last year, Signature completed new facilities in Chicago and Indianapolis, upgraded operations at Teterboro, N.J., and began work on a new terminal at Boston Logan International Airport. BBA attributed the success of its flight support division to the strong business aviation market, as well as to a new set of customer loyalty programs. It expects the anticipated very light jet boom will further Signature’s consolidation efforts in a fragmented FBO market.