BBA Aviation’s first-quarter results showed group revenue up 12 percent over the same period last year, with 7 percent of that “due to increased fuel prices.” Revenue for the Flight Support (FBO) division dropped by 4 percent, although sales climbed 15 percent when acquisitions made last year were included. Aftermarket Services and Systems sales grew by 5 percent.
Announcing the purchase earlier this year by the UK’s BBA Group of Tyler International School of Aviation at Texas’ Tyler Pounds Field, David McRobert, chief executive of BBA-owned British flight school Oxford Aviation Training, said, “This is an excellent step forward for all of us and I’m very excited by the potential.
Some seven months after Signature Flight Support reached an agreement to acquire Ranger Aerospace and Ranger’s Aircraft Service International Group (ASIG), the deal has been completed. Culmination of the sale now means that Signature Flight Support’s airline fueling and handling operations represent half of the company’s business.
“There are definite signs the market is improving. We’re starting to see aircraft sales pick up at the broker level and we’re holding our own in the market, at least in the first quarter of this year, and we’re hoping it will continue in the second quarter,” James Donlan told AIN.
BBA Aviation named James Donlan as president and CEO for Dallas Airmotive and Terry Scott as president and CEO for International Turbine Service. Donlan joined Dallas Airmotive after a 22-year career with Honeywell and AlliedSignal, where he most recently was vice president of sales and support for business aviation for Honeywell’s commercial aerospace unit. Donlan replaced George Darby, who left the company.
The BBA Group, which includes the Signature Flight Support chain and Dallas Airmotive, believes that business aviation has bounced back from the post-September 11 downturn and predicts this recovery will shore up its profits this year. On March 12 the UK-based company announced pre-tax profits for 2001 of £124.2 million ($176 million), down 18 percent from the previous year.
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.
BBA Group has separated its Oxford-based piston aircraft sales and support operation from its Signature Flight Support operations in the UK and France. On January 1 this business reverted to its former name, CSE Aviation, having previously been rebranded as Signature Aircraft Engineering.
Flight schools must innovate to survive, since airlines are no longer able to sponsor tuition and a pilot career has lost its appeal amid headlines announcing furloughs, according to Oxford Aviation Training (OAT). The company said a UK pilot shortage within five years is a foregone conclusion, while elsewhere in Europe pilot demand “is expected to outstrip [training] capacity significantly starting in 2004.”
Richard Ramsden joined Minneapolis-based Wells Fargo Equipment Finance as a
v-p specializing in corporate aircraft loans and leases. Ramsden came to the company from Bombardier Capital, where he was manager of aircraft finance.