Revenues Up at BBA Aviation, Signature Flight Support
BBA Aviation’s flight support division, consisting of international FBO chain Signature Flight Support and commercial aircraft handler ASIG, saw revenues last year climb by 4 percent over 2012, to $1.375 billion, or 62 percent of the parent company’s overall revenue, according to 2013 financial results released yesterday. At more than $968 million, Signature’s revenues accounted for 70 percent of that amount, a 2-percent increase over its 2012 performance.
Simon Pryce, CEO of the UK-based parent company, said, “BBA Aviation produced another good performance in 2013, despite the low-growth environment. Profit before tax was up 8 percent and earnings per share up 9 percent, driven in particular by Signature and Legacy [Support].”
Over the course of the year, Signature completed or signed agreements to add five FBOs to its network, which currently stands at 118 locations worldwide. The FBO chain also announced its latest addition yesterday, having agreed to purchase the FBO assets of Metro Flight Services at Detroit Metropolitan Wayne County Airport, including its 30,000-sq-ft heated hangar. The Signature facility will be the lone service provider at the airport.