BBA Aviation Sheds Six FBOs | Paperless Cockpit

BBA Aviation Sheds Six FBOs

BBA Aviation, the biggest U.S. operator of business jet service facilities, has sold six fixed base operations for $190 million to affiliates of KSL Capital Partners, a private equity firm. The sale allows BBA Aviation to satisfy U.S. Department of Justice requirements for regulatory approval of the acquisition of its U.S. competitor, Landmark Aviation. BBA will use the proceeds from the sale of the FBOs to repay debt. In September 2015, BBA announced the deal to buy Landmark from the Carlyle Group for $2.1 billion, which doubles its size.

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