Signature chain charts its course for the coming decade

A regime change at BBA Aviation’s Signature Flight Support early this year saw Michael Scheeringa hired as president of the world’s largest FBO chain.

By Matt Thurber • Editor-in-Chief

October 14, 2009

A regime change at BBA Aviation’s Signature Flight Support early this year saw Michael Scheeringa hired as president of the world’s largest FBO chain. Scheeringa most recently was CEO at fractional-share operator Flight Options, where he had worked since 2004. A private pilot, Scheeringa joined US Airways in 1991, eventually working his way up to vice president, before switching to business aviation and Flight Options.

Signature Flight Support operates 102 FBOs worldwide, 81 of which are wholly owned, and the rest as joint-venture/licensing-agreement partnerships. Signature’s financial results for the first six months of this year show the chain performing better than the overall marketplace. Revenues at Signature were down 14 percent compared with the first half of last year, but BBA says that this compares favorably with an average 26-percent revenue decline in the U.S. business aviation ground-handling sector, as well as a 20-percent drop in Europe.

The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background. The rest of this article continues for AIN Members with the full report, analysis and background.