Gama Aviation PLC Purchase: US paint & interior completions facility
11 January 2019 - 2:08AM
RNS Non-Regulatory
TIDMGMAA
Gama Aviation PLC
10 January 2019
Press release
Gama Aviation adds east coast paint & interior completions
facility to its US maintenance business
West Palm Beach, FL, 10(th) January 2019 - Gama Aviation Plc,
the global business aviation services company, is pleased to
announce 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
Aviation's stated $10 million investment to scale its US
maintenance business.
The facility retains a strong track record in the paint &
completions market serving clients from across the US, Central
& South America and is ideally situated for Gama Aviation's
existing Floridian heavy maintenance locations at Opa Locka and
Palm Beach International.
Dennis Richey, President, for Gama Aviation's 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: "I'm 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."
ENDS
Gama Aviation - Notes to Editors
Founded in 1983 on the simple principle of delivering its
clients' missions with passion & dedication, Gama Aviation Plc
(LSE AIM: GMAA) is a highly valued global partner to those who use
aviation as a platform
to perform.
The Group has two divisions: Air and Ground. Air services
include: aircraft management, special mission support and charter;
with Ground services covering: base & line aircraft maintenance
services, aircraft modification design and installation and Fixed
Base Operations (FBO).
More details can be found at: https://www.gamaaviation.com/
For more information contact:
Duncan Daines
Chief Marketing Officer, Gama Aviation Plc
duncan.daines@gamaaviation.com
+44 1252 553029
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END
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January 10, 2019 10:08 ET (15:08 GMT)
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