Signature Flight Support, a BBA Aviation company, announced today that it has signed an agreement with London Biggin Hill Airport (BQH/EGKB) to expand and operate from the former RizonJet FBO facility.

This stunning facility rivals any in the business aviation world in its elegantly appointed private lounge areas and four floors comprising over 20,000 sq. ft. A boardroom and multiple conference areas make it an ideal location for private meetings and available office space makes the facility a perfect venue to house an aviation business or flight department.

“We are pleased to be able to expand our operations at London Biggin Hill, especially in a facility of this calibre.  Signature has an exceptional relationship with the airport and our collaboration has yielded excellent results for all involved, our customers, the airport and Signature Flight Support.  Having been present on the airport since February 2014 and now with this fantastic FBO, coupled with our world-class service, we are prouder than ever to welcome our customers from around the globe to Signature London Biggin Hill,” stated Mark Johnstone, Managing Director, BBA Aviation Flight Support EMEA.

“We are delighted to have the opportunity to expand our relationship with Signature Flight Support. The strength and depth of the Signature product is a tremendous asset to London Biggin Hill and its customers,” stated Robert Walters, Director, London Biggin Hill Airport.

Signature’s expansion at London Biggin Hill comes at a time when the airport is due to roll out several operational and infrastructure projects including new extended operating hours, new GPS approaches as well as a new four star hotel on the airport premises, adjacent to the expanded Signature facility.

London Biggin Hill offers the fastest entry into London being located a mere 12 miles from central London or six minutes via the London Heli Shuttle. The airport is a designated UK Port of Entry with no slot restrictions, extensive hangarage, flight support and maintenance services for a range of business jets.

Signature Flight Support will commence operations in their new facility from June 20, 2016. The FBO will be a fully branded Signature Flight Support location.

Further to the announcement made on 30 March 2016, BBA Aviation plc announces that following the receipt of customary approvals, including airport consents and approval by the U.S. Department of Justice, it has completed the sale of six FBOs to affiliates of KSL Capital Partners, LLC.

All the terms of the transaction remain as outlined in the announcement made on 30 March 2016.

For further information please contact:

BBA Aviation plc

+44 (0) 20 7514 3999

Mike Powell, Group Finance Director

Martha Walsh, Interim Head of Communications & Investor Relations

Tulchan Communications

+44 (0) 20 7353 4200

David Allchurch

Doug Campbell

Information on BBA Aviation plc

BBA Aviation plc is a focused B&GA value added service provider with market leading businesses and attractive growth opportunities. BBA Aviation's Flight Support businesses (Signature Flight Support and ASIG) are focused on refuelling and ground handling of business and commercial aviation aircraft. Its Aftermarket Services businesses (Dallas Airmotive, H+S Aviation, International Turbine Service, Barrett Turbine Engine Company, International Governor Services and Ontic) are focused on the repair and overhaul of jet engines and the service of aerospace sub-systems and components. For more information, please visit www.bbaaviation.com

Summary 2014 consolidated financials of the six FBOs being sold to KSL Capital:

EBITDA: $16.1m
Profit Before Tax: ($6.1m)
Gross Assets: $85.7m

Signature Flight Support, a BBA Aviation company, announced today that it has commenced operations at the FBO formerly operated by Airborne Aviation at Stewart International Airport (SWF) in Newburgh, New York. The addition of Signature Stewart brings the Signature Flight Support network total to 200 global locations.

Stewart adds to the significant footprint within New York and New Jersey where Signature Flight Support operates with facilities at TEB, HPN, EWR, ACY, SYR, TTN and MMU. Stewart International Airport is a convenient reliever airport and offers an excellent option for aircraft that reposition and park outside of the New York/New Jersey metro areas.

“Our long-standing, collaborative relationship with the Port Authority of New York/New Jersey is exemplary. Signature has invested heavily in the two states and we have a long-term, optimistic view for business and general aviation in New York and New Jersey. We are excited to add to our northeast portfolio and look forward to bringing Signature’s world-class service and safety to Stewart International Airport,” stated Maria Sastre, President and COO for Signature Flight Support.

“Signature Flight Support offers unparalleled hospitality and service, making it a vital asset to Stewart International Airport,” said Ed Harrison, General Manager of Stewart International Airport. “Today’s announcement highlights the Port Authority’s efforts to position the airport for growth while encouraging air service development opportunities beyond commercial and cargo. We look forward to this continued partnership as it helps to strengthen our airport's role as an economic driver that creates jobs for the region.”

Signature Flight Support commenced operations at SWF on July 7, 2016. The FBO will be a fully branded Signature Flight Support location and offer Signature TailWins and Signature Status benefits for its customers once the operational transition is fully completed.

Signature Flight Support Corporation announced today that Talon Air of Farmingdale, New York (FRG) has joined Signature Select as the newest location in the Signature Flight Support network and the first on Long Island. The addition of Signature Select’s customer benefits to Talon Air will offer convenience and create new value for air travelers and is expected bring more business to Republic Airport.

Maria Sastre, President and Chief Operating Officer for Signature Flight Support, commented, “Talon Air has been a long-term customer with its aircraft-charter services and managed fleet of aircraft. Now being a Signature Select affiliate, they are able to offer their clients all of the benefits of Signature’s global network. Signature has a significant presence in the New York market, and we enthusiastically welcome Talon Air to our network.”

Talon Air’s Signature Select affiliation creates added value for clients by way of point-to-point coordination with other Signature locations—saving time and ensuring consistent, high-touch concierge service.

“We are excited about the host of opportunities created by joining Signature Select’s growing network of locations around the country,” said Talon Air Founder, Adam Katz. “We expect our clients, Republic Airport and the surrounding community to see a real economic benefit from the convenience this program provides.”

Talon Air, headquartered at Republic Airport (KFRG), is a full-service business and private aviation provider. Its facility comprises more than 100,000 sq. ft. of hangar, executive terminal and office space, making it the largest operator at Republic Airport. Talon’s portfolio of services includes aircraft charter, management, fixed-base operations (FBO) and flight-support solutions. Talon Air also operates a FAA Part 145 Repair Station and performs maintenance repair and overhaul (MRO) on most modern aircraft—along with non-destructive testing (NDT), avionics installation and repair, interior installation and refurbishment. In addition, as part of the Talon Air Mobile Services Team, Talon Air provides aircraft-on ground (AOG) service.

Talon’s diverse fleet of owned and managed aircraft spans the gamut of heavy, super-midsize, midsize, light jets, turboprop, amphibious and executive helicopters. Talon Air also offers a fleet of 30 turbine-powered aircraft and is the world’s largest owner and operator of the Hawker 4000 Aircraft, all of which are available for charter.

Signature Select members are supported by Signature Flight Support’s global sales and marketing teams and are promoted along with its network of more than 200 worldwide locations. Each member company maintains its independent brand with the addition of the Signature Select badge.

To learn more about Signature Select, visit www.signatureselectfbo.com or contact Melissa Singer, Senior Director of Brand Extension, at 407-648-7229 or via email: melissa.singer@signatureflight.com.

Following a number of approaches and subsequent formal review, BBA Aviation plc (“BBA Aviation”, “the Group”), a market-leading provider of global aviation support and aftermarket services, announces that it has reached agreement with John Menzies plc (“Menzies”) on the terms of the sale of ASIG, a leading commercial aviation services company, for $202 million in cash. Menzies is funding the acquisition through raising additional debt and equity and, in addition to customary approvals, the transaction will require the approval of its shareholders. As a result of this process, the disposal is expected to close around the end of 2016.

ASIG is the world’s leading independent refueller, employing approximately 8,000 people, and providing ground, fuel and airport facility services to airlines, airports, oil companies and industry partners in the commercial aviation sector. It safely delivers flexible and comprehensive service solutions including refuelling, fuel farm management, ground handling, aircraft technical support services, facilities equipment maintenance and de-icing, with considerable technical expertise at more than 80 airports in North America, Central America, Europe and Asia.

ASIG’s EBITDA for the twelve months to 31 December 2015 was $31.9 million and its underlying and statutory profit before tax were $20.3 million and $17.9 million respectively, while the value of the gross assets at 30 June 2016 was $255.6 million.

Financial effects of the transaction

Gross consideration of $202 million is anticipated to deliver approximately $160 million of net proceeds after tax, professional transaction fees, and other costs, which will be used to reduce Group borrowings. As part of the transaction, BBA Aviation will provide transitional services to Menzies for support services for a six month period following closing. After adjusting for costs of providing the transitional services, foreign exchange reserves write-off, and other charges, the transaction will realise a loss on disposal in the region of $15 million.

The Group will look to reduce the $20 million ongoing support costs previously allocated to ASIG by at least half during the 12 months following transition at a one-off cost of around $5 million.

Commenting on the announcement, Simon Pryce, BBA Aviation Group Chief Executive said:

“As part of our continuing emphasis on delivering long-term, sustainable value for shareholders, after receiving a number of approaches and going through a detailed process, we are pleased to announce the sale of ASIG to Menzies to create a focused and larger, broad based global supplier of commercial aviation services. This disposal further enhances BBA Aviation’s focus as a high quality, strongly cash generative market leader in the provision of business and general aviation and legacy support services.”

This announcement contains inside information.

Enquiries:

BBA Aviation plc

Mike Powell, Group Finance Director / Martha Walsh, Interim Head of Investor Relations

(020) 7514 3999

Tulchan Communications

David Allchurch / Doug Campbell

(020) 7353 4200

BBA Aviation plc (“BBA Aviation”, “the Group”), a market-leading provider of global aviation support and aftermarket services, is pleased to announce a trading statement for the period from 1 January to 31 October 2016, and an acquisition by our Ontic business.

Trading Statement – Continuing operations

The Group’s trading and cash flow remains in-line with expectations, with revenue up 27% year-on-year, reflecting the contribution from the Landmark acquisition completed in February and good organic growth at Signature.

In Flight Support, the enlarged Signature revenues grew 56% and 4.1% on a like-for-like basis (constant currency, adjusting for lower fuel prices and before acquisitions). Signature continued to deliver good market outperformance and drop-through and Landmark is on track. North American B&GA flight movements remain modestly up, recording 0.6% growth in the year to end September (same period last year: 0.7%).

The integration of Landmark Aviation continues to progress well, with systems roll-out to new US FBO locations completed in September, ahead of schedule. The vast majority of actions required to achieve at least $35 million of annual cost savings are now complete. Signature development projects are also on track, and new Signature Select locations were added in Farmingdale, Long Island in September, and since 31 October, in Bogota, Columbia.

Aftermarket Services revenue was lower than the prior year period due to decline in ERO sales. Ontic, our legacy support business, continues to perform well, with increased activity materialising as expected in the second half of this year, and a good contribution from licenses acquired in 2015. Ontic continues to assess a pipeline of opportunities in relation to new products and license adoptions, signing a new agreement in the period, in addition to agreeing the acquisition detailed below. Conditions in ERO’s markets remain challenging and while organic revenues were down 10.7%, we did see a small improvement in ERO’s operating performance since the half year.

Trading Statement – Discontinued operations

In September, we announced the sale of ASIG, our commercial aviation services company, for $202 million. The transaction is subject to customary approvals and completion is expected around the end of 2016. ASIG, now classified as a discontinued operation, reported organic revenue growth of 1.0%, with continued good operational performance. This disposal further enhances BBA Aviation's focus as a high quality, strongly cash generative market leader in the provision of business and general aviation and maturing aerospace platform services.

Acquisition of part of GE Aviation’s avionics business

Ontic, BBA Aviation’s legacy support business, has reached agreement to acquire a portfolio of legacy avionics products (the “Business”) from GE Aviation, for a cash consideration of $61.5 million on a cash and debt free basis, paid from existing financial resources.

The Business comprises a portfolio of legacy avionics parts servicing the military and commercial aviation markets, including electro mechanical, barometric, gyroscopes and electronics products. Key platforms include Boeing 737, Sikorsky Sea King and Leonardo AW101 helicopters, Lockheed C130/J transports and BAE Hawk aircraft. The portfolio has a strong fit with Ontic’s existing business, and the acquisition is aligned to Ontic’s strategy to deliver continued profitable growth in mature avionics and electronics products with high intellectual property content. With significant experience of acquisitions including a similar business bought from GE Aviation in 2011, Ontic has proven processes to ensure the seamless integration of new product lines, which will be supported in this case by a transitional services agreement with GE Aviation.

The Business employs around 90 employees at its principal location adjacent to Ontic’s existing site in Cheltenham, UK, and has two further sites in Florida, US and Brisbane, Australia. The relevant work will relocate from the latter sites to Ontic’s locations in Chatsworth, US and Singapore respectively. The transaction is expected to complete early in the New Year, subject to the satisfaction of certain conditions.

Financial effects

In its first full year of ownership, the Business is expected to contribute approximately $7.5 million of operating profit after expected year one transition costs of approximately $1.6 million, and will exceed the Group’s ROIC hurdle. In addition to the $61.5 million capital needed to acquire the Business, we anticipate approximately a further $5 million of capital expenditure in the first year.

Simon Pryce, Group Chief Executive of BBA Aviation, said:

“Despite our primary markets only showing slow growth, the Group is performing as anticipated with continued outperformance from the enlarged Signature business and good margin drop through. The integration of Landmark has gone well, with synergies ahead of plan, and actions completed that will drive annualised synergies of at least $35 million in 2017. With the enlarged Signature business allowing us to extend our industry leading service and network management abilities to over 200 FBOs, we continue to see opportunities for continued market outperformance. Our Aftermarket division is performing as we expected with Ontic delivering the anticipated second half uptick in revenue and ERO showing signs of stability and small improvement despite tough markets.

“Today’s acquisition is a strategically significant deal for Ontic – a business that has grown significantly since the Group acquired it in 2006. Ontic is already the leading provider of high-quality, cost-effective solutions for the continuing support of maturing aerospace platforms and we look forward to expanding our product offering in legacy avionic parts.

“In a year of great transformation, the Group is on track to deliver good further progress in 2016.”

Enquiries:

BBA Aviation plc

Mike Powell, Group Finance Director / Martha Walsh, Interim Head of Investor Relations

(020) 7514 3999

Tulchan Communications

David Allchurch / Doug Campbell

(020) 7353 4200

Notes:

The value of the gross assets of the acquired portfolio is $18.8 million as at 30 June 2016. The profit attributable to the portfolio was $9.9 million in FY 2015, before the 2016 retirement of the UK’s Sikorsky Sea King fleet.

BBA Aviation plc is pleased to acknowledge today's announcement from the Competition and Markets Authority in relation to the disposal of ASIG to John Menzies plc which, as anticipated, allows us to continue to work towards the successful completion of the transaction.

BBA Aviation plc, the market-leading provider of global aviation support and aftermarket services, announces that it has completed its acquisition of a portfolio of legacy avionics from GE Aviation.  The acquisition was announced on 8 November 2016.

The acquisition was made via Ontic, BBA Aviation's legacy support business.  The acquisition price, as previously announced, is $61.5 million on a cash and debt free basis, paid from existing financial resources.

BBA Aviation plc ("BBA Aviation", "the Group"), a market-leading provider of global aviation support and aftermarket services, is pleased to announce the merger of its aircraft management and charter business with Gama Aviation's US aircraft management business.

With around 200 airplanes under management, the combined entity, Gama Aviation Signature Aircraft Management, will be one of the world's largest aircraft management and charter businesses, supported by the exceptional and market-leading Signature Flight Support global FBO network, 10 million metres squared of hangars and an extensive fixed and mobile line maintenance, Aircraft on Ground and engine support capability.

Commenting on today's announcement, Simon Pryce, Chief Executive of BBA Aviation, said:

"This agreement marks another milestone for BBA Aviation, creating a leading charter and fleet management company, whose scale will benefit both the Group and our customers.  We look forward to working with our partners at Gama Aviation to develop and grow the company in the years ahead."

Marwan Khalek, Chief Executive of Gama Aviation Plc said:

"We are delighted to announce this exciting deal and to be teaming up with BBA Aviation in the US. The enlarged business creates a market leader and an unrivalled platform for growing our market share of this massive business aviation market.  This combination diversifies our customer base and extends our network coverage nationally whilst simpliflying the financial arrangement with our US partners."

Notes

BBA Aviation acquired its aircraft maintenance and charter services business through the acquisition of Landmark Aviation, completed in February 2016, and which was placed into a trust until a suitable majority partner could be found to satisfy the requirements of the US Department of Transportation's foreign ownership and control restrictions, which this transaction achieves.  While in trust, the aircraft management and charter services business has been accounted for as an associate via the equity method with cash flows arising recognised in form of dividends; the same treatment will apply following completion.

BBA Aviation and GAMA Aviation are combining their US aircraft management and charter businesses, which in the year ended 31st December 2015 delivered profit before tax of $5.5 million and $4.3 million respectively.  BBA Aviation and GAMA Aviation each have a 24.5% shareholding of the enlarged entity, reflecting the near equal contribution of current profits by each party, and will get additional economic benefit from common branding agreements. The remaining 51% equity interest is owned by a small number of US individual shareholders including the key operational management.

Further to the announcements made on 16 September 2016 and 15 December 2016, BBA Aviation plc announces that it has completed the sale of ASIG to John Menzies plc for $202 million.

All the terms of the transaction remain as outlined in the announcement made on 16 September 2016.

Commenting on the transaction, Simon Pryce, BBA Aviation Group Chief Executive said:

"The divestment of ASIG to Menzies is part of our continuing emphasis on delivering long-term, sustainable value for shareholders and further enhances BBA Aviation's focus as a high quality, strongly cash generative market leader in the provision of business and general aviation and legacy support services."