London-area Oxford Airport recently started work on a new business aviation terminal, the first phase of a major investment by the airport’s new owners, Reuben Brothers, since purchasing it last summer from BBA Aviation. The new facility will triple the space of the existing GA terminal and is scheduled for completion in June.
London Oxford Airport
The BBA Group sold its Signature Aircraft Engineering rotorcraft maintenance business and Signature Helicopters charter operation to the UK’s McAlpine group for an undisclosed sum. The companies, which are based, respectively, at Blackbushe and Denham Airports in southern England, will be combined with McAlpine’s existing aviation services subsidiaries with annual revenues of around $23 million.
Aviation–and more particularly business aviation–is increasingly becoming the dominant component in the portfolio of UK public company BBA Group. The London-based group aviation holdings on both sides of the Atlantic now account for close to 60 percent of its worldwide business (out of approximately $2.3 billion total revenues recorded last year).
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.
NAC Aviation, Raytheon’s UK distributor for both Hawker and Beechcraft aircraft, is relocating to Oxford Airport in central England from Farnborough Airport, southwest of London. According to the company, the move will give it the space to offer turnkey aircraft-management packages to business aviation clients, as well as executive charter.
- Page 5