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Signature Aviation

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BBA

GB00BKDM7X41

StandardAero, Inc. completed the acquisition of Engine Repair and Overhaul business from Signature Aviation plc.

July 30, 2021

StandardAero, Inc. entered into an agreement to acquire Engine Repair and Overhaul (ERO) business from Signature Aviation plc (LSE:SIG) for $230 million on February 17, 2021. The transaction is subject to the usual regulatory clearances and is expected to complete during 2021. Lazard & Co., Limited acted as financial advisor. Michael McGuinness and Demetra Karamanos of Jones Day (London) acted as legal advisor to Signature Aviation plc (LSE:SIG). Latham & Watkins LLP acted as Legal advisor to Garrett Aviation Services, L.L.C. (dba StandardAero). Shaun Hartley, Daniel Lennon and J. Cory Tull from Latham & Watkins LLP acted as Legal advisor to Garrett Aviation Services, L.L.C. (dba StandardAero).

StandardAero, Inc. completed the acquisition of Engine Repair and Overhaul (ERO) business from Signature Aviation plc (LSE:SIG) on July 1, 2021.

Latest news about Signature Aviation

Signature Aviation Limited acquired General Aviation Aircraft Service, Inc.	Jan. 01	CI
Signature Aviation Limited Reports Earnings Results for the Full Year Ended December 31, 2022	23-10-11	CI
Bombardier Covers the Totality of Its Flight Operations with SAF Through A Agreement with Signature Aviation	22-10-17	CI
Signature Aviation Limited Reports Earnings Results for the Full Year Ended December 31, 2021	22-09-05	CI
Signature Aviation Limited acquired TAC Air division of The Arnold Companies.	22-07-04	CI
Signature Aviation plc acquired Vail Valley Jet Center, LLC.	21-12-06	CI
Signature Aviation plc agreed to acquire Vail Valley Jet Center, LLC.	21-10-30	CI
StandardAero, Inc. completed the acquisition of Engine Repair and Overhaul business from Signature Aviation plc.	21-06-30	CI
Senior : Lone Star sweetens offer for Britain's Senior Plc	21-06-21	RE
Signature Aviation US Holdings, Inc. and Signature Aviation plc Announces Expiration and Final Results of its Tender Offer and Consent Solicitation	21-06-04	CI
Blackstone Infrastructure Advisors L.L.C., Blackstone Core Equity Management Associates L.L.C., Global Infrastructure Partners IV managed by Global Infrastructure Management, LLC and Cascade Investment, L.L.C. completed the acquisition of 81% in Signature Aviation plc from a group of shareholders.	21-05-31	CI
Signature Aviation plc(LSE:SIG) dropped from S&P Global BMI Index	21-05-31	CI
Signature Aviation plc(LSE:SIG) dropped from FTSE 250 Index	21-05-28	CI
Signature Aviation plc(LSE:SIG) dropped from FTSE 250 (Ex Investment Companies) Index	21-05-28	CI
Signature Aviation plc(LSE:SIG) dropped from FTSE 350 (Ex Investment Companies) Index	21-05-28	CI
Signature Aviation plc(LSE:SIG) dropped from FTSE All-Share Index	21-05-28	CI
Signature Aviation plc(LSE:SIG) dropped from FTSE 350 Index	21-05-28	CI
Signature Aviation : EU Approves Joint Control Acquisition of Signature Aviation By American Consortium	21-05-10	MT
Blackstone proposes $1.68 billion buyout of UK's St. Modwen Properties	21-05-07	RE
Exclusive: China's Tencent in talks with U.S. to keep gaming investments - sources	21-05-06	RE
Signature Aviation : to Redeem $500 Million Senior Notes Due 2026	21-05-03	MT
Signature Aviation : S&P Assigns B+ Rating to Signature Aviation Buyer Brown Bidco; Outlook Stable	21-04-14	MT
American Business Bank : Rebounding private flights fuel M&A interest in corporate jet services providers	21-04-09	RE
Signature Aviation : Launches Tender Offer for 4% Senior Notes Due 2028	21-04-09	MT
Signature Aviation : S&P Places Signature Aviation's Ratings on CreditWatch as Shareholders Approve Takeover Offer	21-03-24	MT

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Company Profile

Signature Aviation plc, formerly known as BBA Aviation plc, is a United Kingdom-based provider of global aviation support services primarily focused on servicing the business and general Aviation (B&GA) market. The Company provides full-service support for B&GA travel including fueling, ground handling, hangarage, passenger and pilot services and amenities. The Company's business includes Signature, and Engine Repair and Overhaul (ERO). Signature is the fixed base operation (FBO) network for B&GA travelers and provides full-service flight support and non-fuel services, including technical support and aircraft management and charter, for passengers, crew and aircraft in the B&GA space. It provides fuel and fuel related services at FBOs across North America including fuel purchasing cards and transaction processing. Its ERO business provides independent engine service to global B&GA operators, the rotorcraft market and regional airline fleets.

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