BBA purchased OAT, CSE Aviation and the Oxford Airport in early 2001 for about £55 Million. Their interest was probably in the Airport and CSE because those businesses are in line with their core investments elsewhere.
BBA is keeping CSE and the Oxford Airport, so no surprise there Tkey. I think OAT does own their fleet, but I would hardly consider a bunch of vintage Warriors and Senecas with over 5,000 hours and some approaching 10,000 to be a "strippable" asset. These are depreciating assets and the Senecas will be hard to get rid of once MPL makes them obsolete as a training platform.
The solid business turnover and management expertise is what makes the company attractive, not the depreciating assets.
Last edited by Adios; 6th May 2007 at 11:39.