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BBA Aviation Says Shareholders Pass Resolution To Approve Sale Of Ontic Business
Bba Aviation Reports Statutory Pretax Profit From Cont. Ops. Down 24% in HY
BBA Aviation Proposes Sale Of Ontic For $1.37 Bln To CVC Fund Vll
BBA Aviation plc is a provider of global aviation support and aftermarket services primarily focused on servicing the Business and General Aviation (B&GA) market. The Company operates through two divisions: Flight Support and Aftermarket Services. The Flight Support businesses include Signature Flight Support, which is a fixed base operation (FBO) network for B&GA covering destinations in North America, Europe, Caribbean, Africa and Asia. The Aftermarket Services division is focused on the support of maturing aerospace platforms through Ontic, the Company's legacy support business, and the repair and overhaul of engines through its Engine Repair and Overhaul (ERO) businesses. The businesses within the Flight Support segment provide refueling, ground handling and other services to the B&GA and commercial aviation markets. The businesses within the Aftermarket Services segment maintain and support engines and aerospace components, sub-systems and systems.
105 Wigmore Street
Non-Executive Chairman of the Board
Group Chief Executive Officer, Executive Director
Finance Director, Executive Director
President and Managing Director of Ontic
Group Chief Information Officer
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BBA Aviation Plc <BBA.L> reported a dip in first-half profit on Monday, as it wrestled with lower jet traffic at European and U.S. airports as well as a rise in costs.
BBA Aviation Plc on Monday reported a dip in first-half profit compared to last year, hurt by lower heavy-jet traffic in the United States and higher costs.
BBA Aviation Plc <BBA.L> said on Tuesday it would sell its Ontic aircraft parts and services unit to private equity firm CVC Capital Partners in a $1.37 billion (£1.13 billion) deal, as it focuses on its mainstay airport services business.
BBA Aviation Plc <BBA.L> said on Tuesday it would sell its Ontic aircraft parts and services unit to private equity firm CVC Capital Partners in a $1.37 billion deal, as it focuses on its mainstay airport services business.
BBA Aviation Plc said it expects core earnings at its Ontic aircraft parts and services unit to reach $100 million by the end of 2021, helped by acquisitions and contract wins.
BBA Aviation PLC <BBA.L> shares fell as much as 16 percent on Wednesday, after the British aircraft services firm reported lower operating margins in the first six months of the year on softer-than-expected growth in the U.S. business and general aviation market.
* ONTIC SIGNS LICENSE AGREEMENT WITH HONEYWELL FOR COCKPIT LCD DISPLAYS ON MULTIPLE PLATFORMS
* MARK JOHNSTONE, PRESIDENT AND COO OF GROUP'S ENGINE REPAIR & OVERHAUL DIVISION WILL JOIN BOARD AS GROUP CHIEF EXECUTIVE ON 1 APRIL 2018 Source text for Eikon: Further company coverage: (Reporting By London Bureau)
British aircraft services firm BBA Aviation PLC said on Monday that Chief Executive Simon Pryce would retire early and leave the company at the end of June.
UK's Competition and Markets Authority (CMA):
British aircraft services firm BBA Aviation Plc <BBA.L> will merge its aircraft management and charter business with London-listed Gama Aviation Plc's <GMAA.L> U.S. aircraft management unit, the companies said on Tuesday.
Britain's competition watchdog on Thursday raised objections against UK airport services and logistics group John Menzies' <MNZS.L> acquisition of some operations of BBA Aviation <BBA.L>, saying the deal could lessen competition in the market.
* Trading and cash flow remains in-line with expectations, with revenue up 27 pct year-on-year
* Says BBA Aviation deal does not change situation regarding pontential split, still looking at options Further company coverage:
UK airport services and logistics group John Menzies Plc agreed to buy peer BBA Aviation Plc's ASIG commercial aircraft services unit in a deal worth $202 million, taking a major step in consolidating a fragmented industry.
UK airport services and logistics group John Menzies Plc said it would buy peer BBA Aviation Plc's ASIG commercial aircraft services unit in a deal worth $202 million, taking a major step in consolidating a fragmented industry.
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