According to Reuters, BBA Aviation has proposed a purchase of U.S. competitor Landmark Aviation for $2.065 billion.

Reuters said that the proposed merger would form the biggest fixed-base operator in the world, with BBA Aviation having the highest number of FBOs in the U.S. and Landmark owning the third most.

In addition, Reuters reported that the acquisition would be funded by new debt facilities and a fully underwritten rights issue of more than 500 million shares, which would raise roughly $1.15 billion.