Kerry Lynch stepped into the role of editor of the&nbsp;Aviation International News&nbsp;monthly magazine in May 2022 after serving with&nbsp;AIN&nbsp;for eight years. She joined&nbsp;AIN&nbsp;in December 2014 as a senior editor covering Washington and business aviation news. She has also served on Convention News teams, including as editor of&nbsp;HAI Convention News. Lynch previously spent 25 years with Aviation Week. During her time there, she reported for and later steered&nbsp;The Weekly of Business Aviation, oversaw business aviation content on the&nbsp;Aviation Week Intelligence Network, served on the&nbsp;Show News&nbsp;staff, and held roles as the Washington columnist for&nbsp;Business &amp; Commercial Aviation&nbsp;and&nbsp;Overhaul &amp; Maintenance&nbsp;monthly magazines. In 2021 she was honored with the National Business Aviation Association Platinum Wing Award for lifetime achievement in journalism and was the 2004 recipient of the National Air Transportation Association’s Aviation Journalism Excellence Award. She also has been a recipient of an Aerospace Media Award for business aviation (2022) and NBAA Gold Wing Award (2003, 2024). Lynch graduated from The Ohio State University with a bachelor of arts in journalism.

Editor, AIN monthly magazine

Kerry Lynch

Signature Flight Support enjoyed a 13.6 percent gain in profitability in the first half of the year as the FBO network has begun to reap the benefits of its integration with Landmark Aviation, Signature parent company BBA Aviation reported yesterday. With a presence now at more than 200 locations following last year’s acquisition of Landmark, Signature “is making encouraging headway in realizing the benefits of its unique and high quality global network and in enhancing its network performance,” BBA said.

 


Profitability also improved as business and general aviation movements grew by 3 percent in the U.S. and 6 percent in Europe during the first six months, BBA noted. Revenue at Signature increased 18 percent to $802.8 million, while underlying operating profit jumped to $160.8 million. Margins reached 20 percent.

 


In addition to contributions from growth through acquisitions and increased movements, BBA said revenues benefited from increased fuel prices.

 


BBA noted that since the integration with Landmark, the company has “focused on optimizing” the network, including negotiating with many of its customers, focusing on its heavier users first, for packaged services. “During the first half, a range of important contract negotiations were successfully concluded, including with many of Signature’s largest customers, and the group is confident that the outcome demonstrates the ability of Signature’s unrivalled network to deliver value and satisfy the needs of its customers,” BBA said, adding, “Signature is continuing to work with its broader customer base to deliver value across the network.”

 


Meanwhile, BBA reported mixed results at its aftermarket services companies, with Ontic performing well but its engine repair and overhaul (ERO) business still facing “challenging conditions.” Ontic, which provides legacy parts and aircraft support, saw revenues increase by 34.2 percent to $94.2 million. This boost reflects the recent acquisition of GE Aviation’s legacy avionics business. On an organic basis, BBA reported, revenue was up 8.6 percent.

 


Revenues slid by $21.4 million for the ERO business, however, dipping to $248.5 million in the first half. BBA cited depressed volumes in legacy midcabin engines and rotorcraft engine overhauls, along with reduced workscopes and competitive pricing. “Nevertheless, while the small thrust engine repair and overhaul market remains competitive and volatile month-to-month, ERO did see improvements in demand for overhauls in certain Pratt &amp; Whitney [Canada] and [Rolls-Royce] Tay markets, as well as market share gains for the [Honeywell] TFE731 over the course of the first half,” BBA said.

New developments at FBOs including regulations and noise issues; legal disputes; openings, acquisitions and mergers.

Landmark Integration Boosts Signature Profits, Revenues

Revenues increased 18 percent and profits 13.6 percent, while margins reached 20 percent for Signature in the first half.

2024 Corporate Aviation Leadership Summit

Curt Epstein

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

More In FBOs

California FBO Five Rivers Expands Footprint to Wyoming

Company won an RFP at Central Wyoming Airport

Northern California FBO Expands with Hangar Purchase

The 26,510 sq ft of space brings the facility to more than 100,000 sq ft of hangars

Universal Aviation Begins Operations in Saudi Arabia

Facility is company’s first in the Kingdom, with more on the way

Atlantic Aviation Starts Work on Second Nashville FBO

It will join the company’s location at Nashville International Airport

Apollo Funds Acquires Major Stake in Atlantic Aviation

KKR purchased the FBO chain in 2021

Wisconsin FBO Chain Expands with Janesville Purchase

Spring City Aviation now has four FBOs in the Badger State

Developer Gets Lease for Vegas-area Hangar Complex

Work will begin on the Boulder City facility by the end of the year

Pilot Steps In To Operate Kansas FBO

The facility pays tribute to the airfield’s WWII service

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN