Tiger Global Increases BBA Aviation Stake Again ~ market folly

Thursday, October 17, 2013

Tiger Global Increases BBA Aviation Stake Again

Chase Coleman and Feroz Dewan's investment firm Tiger Global has been adding to its BBA Aviation (LON:BBA) stake again.  Due to trading on October 14th, Tiger Global now hold 11.14% of BBA's voting rights.  That's more than double the voting rights from their last filing back on September 17th.

As the BBA stake has grown, it has become a significant holding when compared to all of Tiger's other disclosed holdings.  Tiger initially disclosed an interest in BBA back in July of this year.

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.”

blog comments powered by Disqus