The Group is to be transformed by the acquisition of Landmark which will cement the FBO business as the key driver of profitability within the Group. It would not surprise us to see future disposals from the other business areas, perhaps eventually delivering a 100% FBO focused Group. In the short term, we expect Aftermarket to be subdued following recent peer updates, but see a positive medium term future for the Group assuming that US bizjet traffic remains robust. As the acquisition process e ....
03 Dec 2015
Reshaped Group; Aftermarket Caution
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Reshaped Group; Aftermarket Caution
BBA Aviation (BBA:LON) | 0 0 1.9% | Mkt Cap: 3,450m
- Published:
03 Dec 2015 -
Author:
Jon Lienard -
Pages:
3
The Group is to be transformed by the acquisition of Landmark which will cement the FBO business as the key driver of profitability within the Group. It would not surprise us to see future disposals from the other business areas, perhaps eventually delivering a 100% FBO focused Group. In the short term, we expect Aftermarket to be subdued following recent peer updates, but see a positive medium term future for the Group assuming that US bizjet traffic remains robust. As the acquisition process e ....