BBA Aviation, the parent company of Signature Flight Support, this week released its midyear financial results and gave an update as to the progress of its integration of the former Landmark Aviation locations. Overall, the company noted its business and general aviation operation, which accounts for more than 90 percent of its revenues, was largely flat, with U.S. departures up 0.2 percent year-over-year for the first half, while European movements were down 0.8 percent.
Yet Signature, which generates 93 percent of the company's operating profit, saw its adjusted organic revenue increase by 3.6 percent in the first half, while revenue from BBA's engine repair and overhaul and Ontic Legacy Support aftermarket services units declined by 14 percent in the same period.
As a result of its acquisition of Landmark, a deal that was concluded in February, Signature now numbers 200 FBOs worldwide, including 136 in North America, more than double the number of its closest rival. According to BBA, systems conversion has been completed in 30 of the recently acquired facilities, with customer service and safety training proceeding on schedule.