Signature Flight Support is planning to buy a controlling stake in Greek fixed-based operator (FBO) group Athens Aviation Services for €1.5 million ($1.8 million). Athens Aviation runs a full-service executive handling and flight-planning operation at Athens international airport. It also provides handling and support through a network of agents at 22 Greek airports. The Athens deal, which is is subject to regulatory approval, follows hot on the heels of the £11.8 million ($21 million) acquisition of the John Menzies Group's Execair chain of 10 FBOs in the UK, Ireland and Belgium.
Source: Flight International