BBA Aviation profits lifted

Plane services firm BBA Aviation yesterday posted an eight per cent rise in pre-tax profits to $170.5m, slightly short of forecasts, and unveiled plans to buy back shares worth $125m. The FTSE 250 firm said profits rose two per cent to $2.2bn, which it hailed as a strong result given the lack of growth in jet activity. BBA also revealed that finance boss Mark Hoad is stepping down.