Signature Flight Support to Purchase IAM Jet Centre, Adding 5 FBOs to its Caribbean Network
ORLANDO, Fla., Aug. 5, 2019 /PRNewswire-PRWeb/ -- The world's largest Fixed Base Operator (FBO) network, Signature Flight Support - a BBA Aviation company - has agreed to purchase aviation services provider IAM Jet Centre and its affiliated companies. The addition of 5 new locations compliments Signature's existing FBOs in the Caribbean, and further strengthens the company's presence at over 200 airports worldwide.
The acquisition includes IAM Jet Centre's locations at Barbados' Grantley Adams Int'l Airport (BGI), Maurice Bishop Int'l Airport (GND) in Grenada, Terrance B. Lettsome Int'l Airport (EIS) in Tortola, and Sangster Int'l Airport (MBJ) in Montego Bay, Jamaica. A further FBO under construction at Hewanorra Int'l Airport (UVF) in St. Lucia, expected to open in the fourth quarter of 2019, is also included in the transaction.
Signature will also assume control of IAM Jet Centre's VIP suite services, including the Trident Suite in Barbados and the St. George's Suite in Grenada. The addition of both lounges is an expansion of the Signature ELITE Class program to five airports throughout the Caribbean and United Kingdom, which provide luxury lounges and expedited passenger transfers to commercial flights via private aviation facilities, bypassing the main commercial airline terminal.
"Since it was founded in 1989 as the first dedicated full service provider for business aviation in the Caribbean, our extraordinary, committed teams have grown IAM into a respected regional network" expressed Paul Worrell, Group Managing Direction for IAM Jet Centre. "Along with my founding partner Heather Wiltshire, I am immensely proud of our team's achievements over the past three decades. Adding our established Caribbean brand to Signature Flight Support's successful global portfolio is a natural next step for IAM, and I am confident Signature's stewardship will provide continued and greater prosperity."
"Signature Flight Support's purchase of IAM Jet Centre is a valuable addition to our growing network of Caribbean FBOs" explained Mark Johnstone, Chief Executive Officer, BBA Aviation plc and Signature Flight Support. "IAM has an established reputation for excellence in aviation passenger and ground handling throughout the region, and the addition of their five FBO locations compliments our worldwide network, our strategic expansion into additional North American markets, as well as the growth of our Signature ELITE Class VIP passenger services division."
Information on BBA Aviation plc
BBA Aviation plc is a market leading, global aviation support and aftermarket services provider, primarily focused on servicing the Business and General Aviation (B&GA) market. We support our customers through three principal businesses: Signature Flight Support, Ontic and Global Engine Services/Engine Repair and Overhaul (ERO).
Signature, including Signature TECHNICAirTM and EPIC Fuels, provides premium, full service flight and home base support including refueling, ground handling and MRO services through the world's largest fixed base operation (FBO) network for B&GA users with around 200 locations covering key destinations in North America, Europe, South America, Caribbean, Africa and Asia. EPIC Fuels is a provider of aviation fuels, supplies and services operating at more than 200 locations.
Ontic is a leading provider of high-quality equipment and cost-effective solutions for the continuing support of maturing and legacy aerospace platforms with locations in the USA, Europe and Asia. ERO is a leading independent engine service provider to global B&GA operators, the rotorcraft market and regional airline fleets with locations in the USA, Europe, South America, Asia and the Middle East.
On 1 March 2018 BBA Aviation announced that it was conducting a strategic review of the ERO business and, at the end of May 2018, management committed to a plan to sell substantially all of the business and the relevant assets and liabilities were classified as held for sale. The sale process is ongoing.
On 30 July 2019, BBA Aviation announced the proposed sale of Ontic to CVC, subject to shareholder and regulatory approvals. Subject to approvals the sale is expected to close in Q4 2019.
For more information, please visit http://www.bbaaviation.com.
CONTACT:
Signature Flight Support
Matt Carroll, Sr. Vice President Marketing +1 407 206 5212
Matthew.Carroll@signatureflight.com
SOURCE Signature Flight Supporrt
