Signature Flight Support has agreed to buy a controlling stake in Greek FBO group Athens Aviation Services (see page 125) for $1.8 million (£1 million). Signature parent BBA Aviation announced the deal, which is subject to regulatory approval, on September 2.
APPH Group (Booth No. 4551), a wholly owned subsidiary of BBA Aviation, announced here that Commercial Aircraft Products (CAP) and Airight, two APPH Group companies, have merged and will be renamed APPH Wichita. CAP designs and manufactures hydraulic system components, electromechanical positioning systems and access mechanisms for a wide range of business aircraft.
Dallas Airmotive (Booth No. 1400), an OEM-authorized turbine engine repair and overhaul provider, will be relocating its Minneapolis regional turbine center to St. Paul Downtown Airport in December. The company has “outgrown the available space” at the General Dynamics Aviation Services hangar at Minneapolis-St. Paul International Airport, said Mike Cumnock, vice president of customer service.
Signature Flight Support parent BBA Aviation sold Oxford Airport in the UK to private investment group OA Acquisitions for £40 million ($80 million) late last month. The new owner is part of the Aldersgate Investments group, controlled by multi-millionaire British real estate developers David and Simon Reuben. The brothers declined to comment on their intentions for the airport, which has been trying to attract more business aviation traffic.
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.