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Gama Aviation Makes Ex-Close Brothers Executive Development Director

Thu, 08th Mar 2018 10:51

LONDON (Alliance News) - Gama Aviation PLC said Thursday its appointed ex-Close Brothers Group PLC executive Richard Kearsey as corporate development director after its GBP48 million placing.

Kearsey served as managing director of Close Brothers' aviation and marine finance division for 27 years. He will take on a "key" role in mergers and acquisitions at Gama after its recent placing.

In early February, aviation services firm Gama raised GBP48.0 million through the placing of 19.6 million shares at 245 pence each. As well as specific investments already announced, Gama also said the remaining funds would go towards targeting opportunities in Europe and the Middle East.

"Gama Aviation has the structure, financial means and shareholder backing to capture the opportunity that exists within the business aviation sector," Kearsey said. "I'm delighted to join the company and look forward to the company's development in the years ahead."

Gama Chief Executive Officer Marwan Khalek added: "Richard is another excellent addition to our leadership team and I am very pleased that we continue to attract such high calibre talent to our business. His experience and proven business acumen will add immediate bandwidth to the team as we pursue our growth strategy this year."

Shares in Gama were 0.6% lower at 262.00 pence on Thursday.

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28 May 2024 20:35

IN BRIEF: Gama Aviation set for AIM exit this week

Gama Aviation PLC - Farnborough, England-based aviation services company - Shares are to be cancelled from AIM on Friday, after shareholders backed its delisting in a general meeting earlier in May. It proposed the delisting in April, noting the "permanent cost savings" this would bring and "highly illiquid" trading of shares. Shareholders had also approved a return of GBP32.6 million at that meeting.

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24 May 2024 20:18

IN BRIEF: Gama Aviation in talks to buy Tyrolean Jet Services

Gama Aviation PLC - Farnborough, England-based aviation services company - Confirms that it is in discussions to acquire Tyrolean Jet Services, an Austrian provider of aircraft management and charter services. Gama was responding to industry market speculation. Explains the interest in TJS is consistent with the group's strategy to grow its Aircraft Management & Charter business. Says talks are ongoing, and they remain subject to further negotiations, diligence, and Board approval. As such, they are not expected to be concluded until after the company's delisting from AIM.

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24 May 2024 15:04

Gama Aviation in talks over potential acquisition of TJS

(Sharecast News) - Gama Aviation confirmed on Friday that it is in talks about the possible acquisition of Tyrolean Jet Services (TJS), an Austrian provider of aircraft management and charter services.

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8 May 2024 15:55

UK shareholder meetings calendar - next 7 days

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29 Apr 2024 16:28

TRADING UPDATES: Libertine's strategic review; One Health sales up

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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24 Apr 2024 14:26

TRADING UPDATES: 88 Energy firms bookbuild; Gama Aviation inks deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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1 Mar 2024 18:29

TRADING UPDATES: Alpha Real Trust says in "robust" financial shape

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

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5 Feb 2024 20:23

TRADING UPDATES: ReNeuron warns; Gama Aviation pledges cash return

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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31 Jan 2024 21:42

EARNINGS AND TRADING: Asia Strategic loss narrows; Verici Dx grant win

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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8 Jan 2024 11:53

IN BRIEF: Gama Aviation in talks to buy Specialist Aviation business

Gama Aviation PLC - Farnborough, England-based aviation services company - Confirms talks to buy business of Specialist Aviation Services Ltd, a UK-based provider of helicopter emergency medical services and aircraft repairs and maintenance services. Discussions are "well advanced" and expected to conclude "within the next few weeks," but Gama Aviation notes that the transaction remains subject to regulatory approvals. Says Specialist Aviation generated GBP24 million in revenue in 2022.

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3 Nov 2023 14:48

Gama Aviation shares up as completes USD131 million sale of Jet East

(Alliance News) - Gama Aviation PLC on Friday confirmed the sale of its US maintenance, repair and operations business Jet East for USD131 million.

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3 Nov 2023 14:41

Gama Aviation sells Jet East for $131m

(Sharecast News) - Gama Aviation announced on Friday that it has completed the sale of its US MRO business, trading as Jet East, for $131m.

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3 Nov 2023 11:51

TRADING UPDATES: Augmentum Fintech makes further investment in Tide

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday, Thursday and Friday and not separately reported by Alliance News:

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18 Oct 2023 10:47

AIM WINNERS & LOSERS: Gama Aviation eyes returns from Jet East sales

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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18 Oct 2023 09:48

Gama Aviation shares surge on agreeing to sell Jet East to West Star

(Alliance News) - Gama Aviation PLC shares surged on Wednesday, after it said it agreed to sell its US maintenence, repair and operations business Jet East to West Star Aviation Enterprises LLC.

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