Completion of disposal of ASIG to John Menzies plc

1 February 2017

Further to the announcements made on 16 September 2016 and 15 December 2016, BBA Aviation plc announces that it has completed the sale of ASIG to John Menzies plc for $202 million. 

All the terms of the transaction remain as outlined in the announcement made on 16 September 2016.

Commenting on the transaction, Simon Pryce, BBA Aviation Group Chief Executive said:

"The divestment of ASIG to Menzies is part of our continuing emphasis on delivering long-term, sustainable value for shareholders and further enhances BBA Aviation's focus as a high quality, strongly cash generative market leader in the provision of business and general aviation and legacy support services."

Enquiries:

BBA Aviation plc

Mike Powell, Group Finance Director / Jemma Spalton, Head of Communications & Investor Relations

(020) 7514 3999

Tulchan Communications

David Allchurch / Doug Campbell

(020) 7353 4200

Information on BBA Aviation plc

BBA Aviation plc is a market leading, global aviation support and aftermarket services provider, primarily focused on servicing the Business and General Aviation (B&GA) market. We support our customers through three principal businesses: Signature Flight Support is the world's largest fixed base operation (FBO) and line maintenance network for B&GA users with over 200 locations covering key destinations in North America, Europe, South America, Africa and Asia. Engine Repair & Overhaul (ERO) is a leading independent dedicated engine service provider to global B&GA operators, the rotorcraft market and regional airline fleets with locations in the USA, Europe, South America, Asia and the Middle East. Ontic is a leading provider of high-quality equipment and cost-effective solutions for the continuing support of maturing and legacy aerospace platforms with locations in the USA, Europe and Asia. For more information, please visit www.bbaaviation.com