Signature Flight Support to Acquire St. Thomas Jet Center
Signature Flight Support announced today that it has reached an agreement to acquire St. Thomas Jet Center located at Cyril E. King – Charlotte Amalie Airport (TIST/STT) in St. Thomas, United States Virgin Islands. The agreement also includes Alliance Aviation, Jet Set Rental Cars and Tri Island Energy Fuel Logistics.
This acquisition further expands Signature’s presence in the Caribbean. The agreement provides that the acquisition will occur in two phases – today Signature Flight Support has acquired a 49% holding and will acquire the remaining 51% of the business within 14 months.
St. Thomas Jet Center is comprised of an executive terminal, aircraft maintenance and storage hangar and a newly constructed fuel farm. The FBO has also recently been certified as U.S. Customs and Immigration clearance and pre-clearance facility and is one of the first if its kind in the Caribbean.
“We are especially pleased to welcome St. Thomas Jet Center to the Signature Flight Support global network. This agreement expands Signature’s growing presence in the Caribbean, a region where we have placed significant focus during the past few years. St. Thomas is a prime destination for our customers and complements our other locations in the region,” stated Mark Johnstone, Group Chief Executive Officer for BBA Aviation and CEO of Signature Flight Support. “The Hancocks have built a business based on exemplary, personal customer service which meshes very well with Signature’s Service Promise and customers will now receive Signature’s full portfolio of benefits.”
“Having received offers from other potential buyers, we decided that Signature Flight Support presented the best opportunity both for our customers and employees alike. Through its 200 plus FBO locations worldwide, together with its premier loyalty programs and the acquisition of Epic Fuels, we are proud to add St Thomas Jet Center to this premier global network,” stated Michael Hancock, President of St. Thomas Jet Center.
St. Thomas is the most visited and most populated of the US and British Virgin Islands and is a gateway for high net worth individuals with second homes or yachts based in the Virgin Islands. The Cyril King International Airport is one of the busiest airports for general aviation in the Eastern Caribbean. Its 7,000-ft. runway and ILS make it a perfect choice for air travelers going to St. Thomas, St. John, Jost Van Dyke, Tortola and Virgin Gorda.
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, Signature TECHNICAirTM and EPIC Fuels provide premium, full service flight and home base support including refuelling, ground handling, hangarage and MRO services through the world’s largest fixed base operation (FBO) network for B&GA users covering key destinations in North America, Europe, South America, Caribbean, Africa and Asia. For more information, please visit: www.signatureflight.com
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.
Engine Repair & Overhaul/Global Engine Services is a leading independent engine service provider to global B&GA operators, the rotorcraft market and regional airline fleets with locations in the USA, Europe, South America and Asia. On 1 March 2018 BBA Aviation announced that it was conducting a strategic review of the Engine Repair & Overhaul business and, at the end of May 2018, management committed to a plan to sell substantially all of the business and the relevant assets and liabilities were classified as held for sale. The business was reported as a discontinued operation in the Group’s interim results announced on 1 August 2018.
For more information, please visit www.bbaaviation.com
