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BBA Aviation to cut 350 jobs

Britain-based BBA Aviation will cut 350 jobs this year due to the fall in demand for private jet travel.

BBA, which provides services fro businesses and commercial jets, suffered a 20 percent decrease in demand for private jet travel in the last quarter of 2008.

The company makes an estimated 80 percent of its revenue in North America, where private jet travel demand is consistently decreasing due to unfavorable economic conditions and negative public opinion.

BBA spokespersons said that most of the job cuts will be made in the North America sector, which is no longer as strong as it used to be.

According to BBA Chief Executive Simon Pryce, the company is not planning a full-recovery for 2009. However, Pryce asserted that BBA is well-placed to survive “volatile and tough conditions.”