12th Sep 2008 07:00
SIGNATURE FLIGHT SUPPORT ACQUIRES INTERFLIGHT EXECUTIVE AIRCRAFT SERVICES AT LONDON GATWICK AIRPORT
Acquisition Increases Signature Network to 23 Locations in Europe
London, September 12th 2008 - BBA Aviation plc, announced today that Signature Flight Support has acquired Southern Aero Services Ltd, which wholly owns Interflight Executive Aircraft Services, the sole source provider of FBO services at London Gatwick Airport in the UK. The new addition will join Signature Flight Support's leading global FBO network, which now includes 23 locations at key cities across Europe.
Located at Gatwick International Airport, the latest addition to Signature's FBO network in Europe provides further expansion of the network around the key business aviation centres of London and compliment Signature's existing London serving locations of Heathrow and Luton. The initial consideration for the transaction was £4.5 million on a debt and cash free basis.
This acquisition is in line with Signature Flight Support's strategy to expand its global FBO network in growth markets where it can see strong value creation opportunities.
Enquiries:
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BBA Aviation plc Andrew Wood, Finance Director 020 7514 3950 |
Brunswick Group LLP Simon Sporborg / Victoria Pease 020 7404 5959 |
Notes to Editors
Signature Flight Support, a BBA Aviation plc company, is the world's largest fixed base operation (FBO) and distribution network for business aviation services. Headquartered in Orlando, Florida, Signature provides a wide-range of premier crew and passenger services as well as complete aircraft ground support including fueling, hangar storage, parking and flight planning services at locations throughout the United States, Europe, South America, Africa and Asia. Signature can be found online at www.signatureflight.com.
BBA Aviation plc is a world leader in the provision of Flight Support and Aftermarket Services and Systems for business aviation, regional airline, military and commercial aviation operators, including FBO services, fueling, ground handling, turbine engine repair and overhaul and aviation components, landing gear and hydraulic systems. BBA has leading positions, well-known and reputable brands and a proven track record of organic and acquisition-led growth. BBA Aviation companies include Signature Flight Support, ASIG, Executive Beechcraft, Ontic, International Governor Services, APPH, Dallas Airmotive, Premier Turbines, H&S Aviation, International Turbine Service and Barrett Turbine Engine Company. For more information, please visit www.bbaaviation.com.
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