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BBA sells assets to satisfy regulators

The aviation group will earn £132m from its recent disposal, but it'll all go towards paying for its latest acquisition
April 5, 2016

As part of anti-trust demands regarding its 2015 acquisition of Landmark, BBA Aviation (BBA) has sold off six fixed-based operators (FBOs) to affiliates of KSL Capital Partners for $190m (£132m). As part of the deal, BBA was required to offload six legacy Landmark FBOs at Westchester County Airport in New York, Washington Dulles International Airport in Virginia, Scottsdale Airport in Arizona, Ted Stevens Anchorage International Airport in Alaska, Jacqueline Cochran Regional Airport in California and some facilities at Fresno Yosemite International Airport. Together, these FBOs contributed cash profits of $16m in 2014.

IC TIP: Sell at 203p