BBA Aviation taking part in talks for acquisition of US-based rival

BBA Aviation is one of several parties participating in the sale process for US,Houston-based rival Landmark Aviation, according to Reuters.

The mooted value of the transaction is $2bn (£1.3bn), including the assumption of debt, according to the people "familiar with the matter" cited by the newswire.

London-listed BBA Aviation is a specialist provider of on-airport support services, including refuelling and ground handling, to the owners and operators of private, business and commercial aircraft.

Its American rival is owned by private equity firm Carlyle Group LP. Buyout firms are among the interested parties, those same people told Reuters this week.

Recent M&A activity in the sector Stateside includes the sale of StandardAero by Dubai Aerospace Enterprise. It was purchased by Veritas Capital Fund Management LLC in July for $2.1bn (£1.37bn).

Shares of BBA Aviation closed 0.49% lower on 22 September at 284.7p giving it a market capitalisation of £1.349bn.