Aviation news analysis
50 SKY SHADES - World aviation news

BBA Aviation Eyes Acquisition Of Landmark

Download: Printable PDF Date: 23 Sep 2015 01:49 categories:
Publisher:
BBA Aviation Eyes Acquisition Of Landmark - Business aviation publisher
Tatjana Obrazcova
Country: United Kingdom
Source: News Airwise

British aircraft services company BBA Aviation is reported to be in talks to acquire US competitor Landmark Aviation, which could be valued at more than USD$2 billion including debt.

BBA is participating in a sale process for Landmark Aviation, which is owned by private equity firm Carlyle and has attracted several bidders, including buyout firms.

Landmark Aviation has been exploring a sale as the corporate jet market is slowly recovering from a downturn sparked by the global financial crisis, helping valuations for companies offering services to that industry.

Houston-based Landmark Aviation provides engine maintenance, repair and overhaul, and nose-to-tail services that include airframe, interior refurbishments, paint and charter management for private aircraft.

London-based BBA, which has a market cap of about GBP£1.3 billion (USD$2 billion), has made several acquisitions of on-airport facilities servicing corporate jets in the Boston and Detroit areas in recent years.



Loading comments for BBA Aviation Eyes Acquisition Of Landmark...


Recommended

Exclusive CFM56-5B contract between MTU Maintenance and GoAir

MTU Maintenance has signed an exclusive four-year CFM56-5B contract with GoAir, a low-fare carrier based in Mumbai, India. The contract covers the maintenance, repair and overhaul as well as spar...

Four Seasons air cruises on board of A321LR

Four Seasons Hotels and Resorts has chosen the A321LR as its private jet for luxury worldwide travel, launching a new role for the Airbus corporate jet family. The aircraft will enter service in 2021....

Dassault Falcon 6X Design has been freezed

Dassault has freezed Dassault and begun manufacturing major parts as the program tracks to assembly of the first aircraft by early 2020. Dassault Aviation has completed the Criti...

Babcock Scandinavian Air Ambulance with first air ambulance Cessna Citation Latitude

We are happy to talk about very important part of business aviation, which still gots not enough of attention - medical avacuation. Once again, we could sound like a teacher, but... Business aviati...