Aviation services company BBA Aviation has announced its decision to sell its original equipment manufacturer (OEM) division Ontic to CVC Capital Partners. The London-based private equity firm agreed to buy Ontic for $1.37 billion, a sale which will allow BBA to focus on its Signature Flight Sup...

Ontic, a BBA Aviation company, has signed an agreement with a UK based OEM to manufacture engine pressure transmitters, fuel flow transmitters, and fluid monitoring chip detectors. The company is a provider of Original Equipment Manufacturer (OEM), and is now responsible for all continuing Part 21...