Story ID: 
Signature Buys Remaining Shares in Italian Subsidiary
By: Curt Epstein
Caption: Signature Flight Support has purchased the minority shares in its Italian operation, giving it 100 percent ownership of the division.
Word Count: 231
Signature Flight Support has consolidated its position in Italy with the purchase of the 40 percent minority stake in Signature Flight Support (SFS) Italy held by SEA Prime. The global FBO chain entered the Italian market in 2016 in partnership with SEA Prime, which manages the business and general aviation infrastructure at Milan Linate and Malpensa airports under the brand Milano Prime. With this transaction, Signature now owns 100 percent of SFS Italy.

“We are glad to announce this deal with Signature Flight Support, which we see as the natural development of a successful four-year partnership,” said SEA Prime CEO Chiara Dorigotti. “SFS Italy will continue to operate at Milano Prime’s premises, offering top quality services for customers and operators.”

In addition to FBO operations in Milan and at Rome-Ciampino Airport, Signature Italy also provides trip support arrangements at Bergamo, Catania, Florence, Naples, Palermo, and Pisa. The service provider also maintains a partnership through its Signature Select FBO affiliate program at Venice Marco Polo Airport.

“This acquisition continues to show our commitment to growing our business in Italy and other key markets around the world,” said Signature Aviation CEO Mark Johnstone. “We are proud to fully incorporate the Italian business into the Signature family and offer our customers premier choices for flight support services throughout the country.”