BBA Aviation

BBA Aviation plc
Public limited company
Traded as LSE: BBA
Industry Aviation
Founded 1879
Headquarters London, United Kingdom
Key people
 Sir Nigel Rudd (Chairman)
Mark Johnstone (CEO)
Services Flight support
Aftermarket services and systems
Revenue US$2,370.6 million (2017)[1]
US$360.6 million (2017)[1]
US$119.3 million (2017)[1]
Number of employees
 Approx 6,745 (2017)[1]
Website www.bbaaviation.com

BBA Aviation plc is a British multinational aviation services company headquartered in London, United Kingdom.

BBA Aviation is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was founded by William Fenton and Walter Cobbett in 1879 as a manufacturer of textile belting for machinery named W. Wilson Cobbett Ltd.[2]

In 1911 it was renamed Scandinavia Belting and in 1925 it became British Belting & Asbestos and then in 1967 BBA Group.[2] In 1986 it acquired APPH, a business specialising in landing gear.[2] It formed Signature Flight Support in 1992 and in 1996 purchased Trinity Aerospace Engineering.[2] Then in March 1998 it acquired H+S Aviation from Vector Industries[3] and in December 1998 it acquired UNC Airwork Corp, a unit of UNC Inc in the US.[4]

A major divestment came in 2000 when it sold its Mintex brake-pad division for £389m.[5] It also diversified into flight training in 2000 buying Oxford Aviation.[6] The following year it bought Aircraft Service International Group ('ASIG') of the US, doubling the group's presence in the commercial ground handling market.[7]

In 2006 BBA demerged its materials technology division, which developed and manufactured nonwoven materials used in the hygiene and medical markets and in numerous industrial applications, and friction materials for train brakes: the demerged business was named Fiberweb plc.[8] It sold Oxford Aviation the following year[9] and BBA Group's name was changed to BBA Aviation in 2007 to mark its transformation to a focused aviation group.[2]

In 2008 it bought the assets of Hawker Beechcraft Services Inc's Line Service Operations for £65.4 million.[10] Then in 2011 it bought GE Aviation's fuel measurement business for £38.3m and a new services base at Bozeman in Montana, United States for $10.5m.[11] In 2012 it purchased Dryden Air Services and PLH Aviation in Canada. This allowed entry into the Canadian market.[12]

The company acquired Landmark Aviation, a provider of refueling and other ground services at airports, for $2.1 billion in 2015[13] and sold ASIG, its US plane refuelling business, for $202 million in 2016.[14]

Operations

BBA Aviation is headquartered in London and has significant operations in the USA. In recent years, the company has significantly expanded its operations in Europe and extended its operations to Asia, South America and Africa. BBA Aviation is organised into three main business groupings: Signature Flight Support, a business offering aircraft handling, refuelling, and passenger amenities for business and general aviation,[15] Engine Repair and Overhaul (ERO), an engine maintenance business[16] and Ontic, an aircraft parts business.[17]

References

  1. 1 2 3 4 "Annual Report 2017" (PDF). BBA Aviation. Retrieved 20 March 2018.
  2. 1 2 3 4 5 BBA Aviation: History Archived 17 September 2011 at the Wayback Machine.
  3. ↑ "BBA Group PLC acquires H+S Aviation Ltd from Vector Industries Ltd". Thomson M&A. 10 March 1998. Retrieved 7 April 2012.
  4. ↑ "BBA Group PLC acquires UNC Airwork Corp from GE". Thomson M&A. 21 December 1998. Retrieved 7 April 2012.
  5. ↑ "BBA sells brake-pad division for £389m". The Telegraph. 18 July 2000. Retrieved 7 April 2012.
  6. ↑ "BBA buys training school". Flight International. 7 March 2000. Retrieved 7 April 2012.
  7. ↑ "BBA set to swoop on $25m Barratt Aviation". The Telegraph. 12 August 2001. Retrieved 7 April 2012.
  8. ↑ Dewson, Andrew (18 November 2006). "Market Report: BBA continues to prove value of demergers". The Independent. Retrieved 2 May 2008.
  9. ↑ "BBA Aviation Sells Oxford Airport". 20 July 2007. Retrieved 7 April 2012.
  10. ↑ "BBA to buy Hawker Beechcraft assets". IB Times. 22 February 2008. Archived from the original on 26 June 2008. Retrieved 7 April 2012.
  11. ↑ "BBA Aviation eyes more buys after £88.6m placing". The Telegraph. 3 March 2011. Retrieved 6 April 2012.
  12. ↑ Canada,United States: ASIG closes purchase of PLH Aviation Services and Dryden Air Services MENA Report, 1 September 2012
  13. ↑ "BBA Aviation to Buy Landmark Aviation for $2.1 Billion". New York Times. 23 September 2015. Retrieved 20 March 2018.
  14. ↑ "BBA offloads plane refueller ASIG to John Menzies in $202m deal". The Telegraph. 16 September 2016. Retrieved 20 March 2018.
  15. ↑ "BBA Aviation/Signature Flight Support Moving Headquarters to Lake Nona Town Center". Aviation Pros. 18 October 2017. Retrieved 20 March 2018.
  16. ↑ "BBA Aviation Engine Repair and Overhaul Launches New Website". Aviation Pros. 24 October 2008. Retrieved 20 March 2018.
  17. ↑ "Ontic Engineering and Manufacturing". WEAF. Retrieved 20 March 2018.


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