BBA Aviation agrees sale of six FBOs
BBA Aviation has sold six fixed-base operator (FBO) licences, as agreed with the US Department of Justice under the terms of the regulatory approval for the acquisition of Landmark Aviation, for $190 million to affiliates of KSL Capital Partners.
KSL has also partnered with Jeffrey Ross, the former president and chief executive of Ross Aviation, who will manage the assets once the transaction is closed.
Due to its acquisition of Landmark Aviation, BBA Aviation was required to sell six legacy Landmark FBOs at: Westchester County Airport, New York; Washington Dulles International Airport, Virginia; Scottsdale Airport, Arizona; Ted Stevens Anchorage International Airport, Alaska; Jacqueline Cochran Regional Airport, California; and part of the Landmark facilities at Fresno Yosemite International Airport.
Simon Pryce, chief executive of BBA Aviation, said: “We are pleased to announce this successful disposal, which follows the transformational acquisition of Landmark Aviation.
“Since completion of the acquisition in February, we have made good progress with the integration which is proceeding to plan. We look forward to updating the market in due course as we realise the full potential of the expanded group.”