BBA Aviation plc announced the merger of its aircraft management and charter business with Gama Aviation's U.S. aircraft management business.
With around 200 airplanes under management, the combined entity, Gama Aviation Signature Aircraft Management, will be one of the world's largest aircraft management and charter businesses, supported by the Signature Flight Support global FBO network, 10 million metres squared of hangars and an extensive fixed and mobile line maintenance, Aircraft on Ground and engine support capability.
Commenting on today's announcement, Simon Pryce, chief executive of BBA Aviation, said, "This agreement marks another milestone for BBA Aviation, creating a leading charter and fleet management company, whose scale will benefit both the Group and our customers. We look forward to working with our partners at Gama Aviation to develop and grow the company in the years ahead."
Marwan Khalek, chief executive of Gama Aviation Plc said, "We are delighted to announce this exciting deal and to be teaming up with BBA Aviation in the US. The enlarged business creates a market leader and an unrivalled platform for growing our market share of this massive business aviation market. This combination diversifies our customer base and extends our network coverage nationally whilst simpliflying the financial arrangement with our US partners."
