TIDMBBA

RNS Number : 8434C

BBA Aviation PLC

30 June 2016

30 June 2016

BBA Aviation completes disposal of six FBOs for $190 million

Further to the announcement made on 30 March 2016, BBA Aviation plc announces that following the receipt of customary approvals, including airport consents and approval by the U.S. Department of Justice, it has completed the sale of six FBOs to affiliates of KSL Capital Partners, LLC.

All the terms of the transaction remain as outlined in the announcement made on 30 March 2016.

For further information please contact:

BBA Aviation plc

+44 (0) 20 7514 3999

Mike Powell, Group Finance Director

Martha Walsh, Interim Head of Communications & Investor Relations

Tulchan Communications

+44 (0) 20 7353 4200

David Allchurch

Doug Campbell

Information on BBA Aviation plc

BBA Aviation plc is a focused B&GA value added service provider with market leading businesses and attractive growth opportunities. BBA Aviation's Flight Support businesses (Signature Flight Support and ASIG) are focused on refuelling and ground handling of business and commercial aviation aircraft. Its Aftermarket Services businesses (Dallas Airmotive, H+S Aviation, International Turbine Service, Barrett Turbine Engine Company, International Governor Services and Ontic) are focused on the repair and overhaul of jet engines and the service of aerospace sub-systems and components. For more information, please visit www.bbaaviation.com

Summary 2014 consolidated financials of the six FBOs being sold to KSL Capital:

   --      EBITDA: $16.1m 
   --      Profit Before Tax: ($6.1m) 
   --      Gross Assets: $85.7m

This information is provided by RNS

The company news service from the London Stock Exchange

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(END) Dow Jones Newswires

June 30, 2016 09:14 ET (13:14 GMT)

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