Gama Aviation PLC

GMAA
Delayed London Stock Exchange - 06/19 05:35:21 pm
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Gama Aviation : Announce 7.8m Us-Based Acquisition

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01/12/2019 | 10:09 am

Gama Aviation, a global business aviation services company, has announced a trade and asset purchase of a paint and interior completion business currently operated by Lotus Aviation Group at Fort Lauderdale Executive Airport.

The purchase is part of Gama Aviations 7.8m investment to scale its US maintenance business.

The facility retains a strong track record in the completions market serving clients from across the US, Central & South America and is ideally situated for Gama Aviations existing Floridian heavy maintenance locations at Opa Locka and Palm Beach International.

Dennis Richey, President, for Gama Aviations US Ground division commented: The addition of the paint shop & completion centre is another significant milestone for our organic growth strategy in the US. This facility adds two new lines of business providing customers with the opportunity to work with a single provider across all major through-the-life maintenance events from unscheduled AOGs, to heavy, base maintenance and now interiors and paint. The depth, breadth and scale we now offer provides a compelling proposition for those operators who wish to simplify their maintenance supply chain.

Rajeev Singh, President & CEO of Lotus Aviation Group commented: Im immensely proud of what we have built at Lotus Aviation Group and very excited for our future with Gama Aviation. In recent years, we have seen business aviation maintenance buyers evolving from using a large, fragmented supplier base to much more capable integrated maintenance networks. This deal reflects that evolution which is great news for our people and our customers in North, Central & South America.

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