Private jet travel may not seem the best sector to be exposed to right now. But BBA Aviation, the world’s leading provider of service bases for business jets, is surviving.

A 13 per cent underlying fall in interim revenues announced this week failed to dent BBA’s share price as it continues to cut costs after a period of expansion. At its Signature business, private-jet flight movement was down by 32 per cent from its 2007 peak, and revenues from its aftermarket services to commercial aircraft operators also declined. But the company was confident enough to maintain its interim dividend at 2.3p as markets stabilised. Risks remain over the fragility of recovery in BBA’s stressed markets and its £448m debt burden. However, BBA shares, trading on a forward price/earnings ratio of 14, are up 13 per cent over the year. Is the political – and investor – backlash over private corporate jet travel nearing its end?

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