market folly

Chase Coleman and Feroz Dewan's investment firm Tiger Global Management has increased its stake in London listed BBA Aviation (LON: BBA). Due to trading on September 9th, Tiger Global now own 5.11% of BBA Aviation’s voting rights and this represents around a 21% increase in their position size. 

We previously highlighted that Tiger Global first disclosed an interest in BBA in July 2013. 

Per Google Finance – “BBA Aviation plc is a provider of aviation services and aftermarket support to   operators of business and general aviation, military and commercial aircraft. The Company delivers   its services at over 220 locations on five continents. The Company operates through two segments:   Flight Support segment and Aftermarket Services segment. The Company’s Flight Support segment   provides refuelling, ground handling and other services to the business, general and commercial   aviation markets. Its Aftermarket Services segment maintain, manufacture and support engines   and aerospace components, sub-systems and systems. The Flight Support segment consists of   Signature Flight Support and ASIG, and Aftermarket Services and Systems segment consists of Engine   Repair and Overhaul, Legacy Support and APPH. Its Flight Support has approximately 200 locations   worldwide, and its Aftermarket Services has approximately 23 locations worldwide.”