Signature Continues Acquisitions
Three new acquisitions in California in recent weeks have brought the Signature Flight Support FBO chain to a total of 66 wholly owned facilities worldwide. The newest additions -- Long Beach Million Air Inc., at Long Beach Airport / Daugherty Field and at the Oxnard Airport near Santa Barbara, plus Million Air La Quinta at Jacqueline Cochran Regional Airport (TRM) in Riverside County, Calif. -- cements the chain's position at the top of the FBO ladder. As if there were any questions. In fact, the number of wholly owned FBOs does not include joint-venture FBOs, in Brazil (13) and Hong Kong.
“This acquisition represents another important strategic addition and further enhances Signature’s position as the world’s leading FBO network,” said Signature Flight Support parent company BBA Aviation Services Group President And Chief Executive Officer Bruce Van Allen of the Million Air La Quinta purchase. Signature is a unit of BBA Group, PLC, a London, England-based corporation. Among its other subsidiaries are ASIG, Dallas Airmotive, Premier Turbines, International Turbine Service, Barrett Turbine Engine Company and H+S Aviation. According to the company, Signature has purchased eight new FBOs worldwide over the past 12 months and expects to continue to aggressively grow its network in the immediate future.