Signature Acquires Again
And the big get bigger. Signature Flight Support earlier this month said it acquired the PrivatAir FBO facility at Paris' Le Bourget Airport in August. After renovation this fall, the facility will be Signature's primary transient terminal at the airport. Additionally, Signature also said it has acquired Cape Aviation Business Centre at Cape Town International Airport, in South Africa. National Airways Corporation (NAC), a South African company operating a fleet of managed business aircraft, formerly owned that facility. Terms of the transactions were not disclosed. With these latest two FBO acquisitions, Signature currently operates at more than 60 locations in the United States, Europe, South America and Asia. "This acquisition represents an opportunity to increase our capacity at the busy Le Bourget Airport," Signature President and Chief Executive Officer Beth Haskins said of the PrivatAir FBO. The new facility adds an additional terminal, nine further hangars and a large ramp area. After a planned renovation of the PrivatAir facility, Signature intends to move its existing handling operation to the newly acquired property. In turn, The Cape Aviation acquisition provides Signature with its first location on the African continent. The Cape Town facility has full aircraft and passenger handling capabilities, customs and immigration assistance, fuel, on-site catering and other services. In addition to standard facility features like a passenger lounge and crew rest areas, the facility includes a private conference room with seating for up to 40 people.