BBA Aviation PLC Completion of disposal of ASIG to John Menzies plc (6977V)
February 01 2017 - 1:07AM
UK Regulatory
TIDMBBA
RNS Number : 6977V
BBA Aviation PLC
01 February 2017
1 February 2017
Completion of disposal of ASIG to John Menzies plc
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."
Enquiries:
BBA Aviation plc
Mike Powell, Group Finance Director / Jemma Spalton, Head of
Communications & Investor Relations
(020) 7514 3999
Tulchan Communications
David Allchurch / Doug Campbell
(020) 7353 4200
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 is the world's largest fixed base operation (FBO) and line
maintenance network for B&GA users with over 200 locations
covering key destinations in North America, Europe, South America,
Africa and Asia. Engine Repair & Overhaul (ERO) is a leading
independent dedicated 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. 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. For more information, please visit www.bbaaviation.com
This information is provided by RNS
The company news service from the London Stock Exchange
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