UK support services company Signature Flight Support, a subsidiary of BBA Aviation, has acquired Avitat Boca Raton, Florida. Signature acquired Avitat Boca Raton, a fixed-based operation (FBO) at Boca Raton airport for a cash consideration of $21 million on a debt and cash-free basis.
The FBO consists of a 17,000sq ft terminal and 72,000 sq ft of hangarage. Meanwhile, Signature has disposed of its loss-making Spirit of St Louis FBO and maintenance centre in Missouri for a cash consideration of $3.25 million to TAC Air, an existing operator on the site. The Avitat Boca Raton deal follows Signature's acquisition last week of Tropical Aviation Corporation in San Juan, Puerto Rico for a cash consideration of $3 million.
The Puerto Rican company's FBO is at the Isla Grande-Fernando L Ribas Dominicci Airport, San Juan's business and general aviation airport, which features a dedicated US Customs and Border Protection facility and draws international flights from South America en route to the USA.