The business aviation sector is a tale of two worlds when it comes to mergers and acquisitions. While there is not much movement in the manufacturing side of the industry, investors seem interested in buying fixed-base operators (FBOs) or other business aviation services businesses. When it comes to FBOs, dealmaking is hot and expected to remain so as post-pandemic business jet activity ramps up from what turned out to be a muted decline during the novel coronavirus outbreak. Credit: Getty Images Signature Aviation Acquisition A $4.7 Billion Deal Blackstone Infrastructure Partners, Blackstone Core Private Equity, Cascade and Global Infrastructure Partners forged a deal to purchase Signature Aviation for $4.7 billion, following a public bidding war. The acquisition is expected to close in the second quarter of 2021. Credit: Signature