Signature Flight Support owner BBA Aviation announced that it is buying seven FBOs from Hawker Beechcraft, including a facility at busy and highly competitive Van Nuys Airport. The deal is valued at $128.5 million. BBA is buying HBC’s line and fuel operations in Atlanta; Houston and San Antonio; Indianapolis; Tampa, Fla.; Van Nuys, Calif.; and Wichita, but HBC is retaining its maintenance operations at those facilities. HBC expects the sale of the FBOs to be completed next month and said that the move will allow the company to focus on growth of its factory service centers.
Hawker Beechcraft FBOs added to BBA’s holdings
- April 2, 2008, 6:56 AM