The Carlyle Group secures antitrust clearance for $2.1 billion sale of Landmark Aviation to BBA Aviation
Clients Carlyle Group, The
Jones Day represented The Carlyle Group in securing antitrust clearance from the U.S. Department of Justice for its $2.1 billion sale of Landmark Aviation to BBA Aviation plc. BBA's subsidiary Signature Flight Support and Landmark Aviation were two of the three largest fixed base operators at North American airports, with 67 and 62 locations, respectively. Fixed base operators provide flight support services, such as fueling services, to general aviation customers.
The parties signed the definitive agreement on September 23, 2015, and in just over four months, the parties were able to negotiate with the Department of Justice a final order that required the divestiture of fixed base operator assets at only six airports. BBA announced on February 5, 2016 that it had closed the transaction.