Blackstone shows interest in Signature Aviation

Signature Aviation is one of the world’s largest providers of aircraft maintenance, charter flights and ground handling in the business jet segment. Founded in the 19th century as a textile company for machine belts, the British company is now one of the top players in its field. The fact that flying in private jets became a central topic during COVID-19 was also discussed in WingMag. 

But there is not only growing customer interest in Signature Aviation. It has recently been announced that investment giant Blackstone is interested in buying the company. Blackstone competitor Global Infrastructure Partners also made an offer, but it was turned down by Signature. Possibly also because they enticed with a lower offer than Blackstone. After all, a takeover sum of over 3 billion British pounds is now being considered. Blackstone would pay 3.83 British pounds per Signature Aviation share. If one takes a look at the current situation, it would be an investment in a future in which more and more passengers board private jets.

An exciting date in this process is now 14 January 2021. This is the deadline for Blackstone to make a binding decision on whether or not to make an offer. So it continues to be interesting.

Picture © Alistair Boyd

by Johanna Koyser