ORLANDO, Fla. , Oct. 6 /PRNewswire/ -- Bank of America and Gama Aviation, Inc., today announced they have formed a strategic alliance that provides enhanced financing terms for clients who finance their aircraft through Bank of America and obtain aircraft management services from Gama Aviation. The announcement was made at the 61st annual National Business Aviation Association convention in Orlando .
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"At Bank of America, we are regularly looking for ways to help our clients take advantage of opportunities to acquire the long-term use of business aircraft in a cost-effective manner," said Michael Amalfitano , Corporate Aircraft Finance executive at Bank of America. "Gama Aviation, while offering a full range of aircraft services, is first and foremost an aircraft management company that emphasizes the stewardship of its clients' assets. This agreement reflects the confidence we have developed in Gama's aircraft management expertise and client service, and will result in Bank of America offering our shared clients more attractive financing."
Gama Aviation is based in Stratford, Conn. with operations in West Palm Beach, Fla. , Teterboro, N.J. , and 15 satellite bases across the United States . It is a subsidiary of Gama Group, based at Farnborough in the United Kingdom .
"Gama Aviation is extremely proud to be aligned with Bank of America and its industry-leading Corporate Aircraft Finance team," said Scott Ashton , Gama Aviation's vice president for business development. "Our companies share common values of performance, integrity, and focus on the customer. Combining Gama's worldwide footprint and emphasis on providing industry-leading aircraft management programs with Bank of America's innovative aircraft finance structuring will surely provide our clients with an exceptional aircraft ownership experience."
Gama Aviation, Inc.
Gama is an international aviation group, headquartered at Farnborough Airport in the United Kingdom with operating bases throughout Europe and the Middle East . The U.S. headquarters are located at Sikorsky Memorial Airport in Stratford, Conn. with operating bases located across the country. Founded in 1983, the business activities of Gama comprise aircraft ownership, charter services, business aircraft management, medical transport operations and aircraft maintenance.
Bank of America
Bank of America (NYSE: BAC) is one of the world's largest financial
institutions, serving individual consumers, small and middle market businesses
and large corporations with a full range of banking, investing, asset
management and other financial products and services. The company's Global
Corporate and Investment Banking group (GCIB) focuses on companies with annual
revenues of more than
SOURCE Bank of America
