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Share Price: 97.00

Bid: 93.00

Ask: 101.00

Change: 0.50 (0.52%)

Spread: 8.00 (8.602%)

Open: 96.50

High: 97.00

Low: 96.50

Prev. Close: 96.50

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Gama Aviation Unit Wins USD2.5 Million Software-As-A-Service Contract

Tue, 10th Mar 2020 16:07

(Alliance News) - Gama Aviation PLC on Tuesday said its global services subsidiary, Airops Software Ltd, has secured a USD2.5 million software-as-a-service contract.

The aviation service provider did not disclose the client, but said that it is a business aviation operator.

Gama said the system is live and provides comprehensive fleet management, crew rostering and maintenance planning capabilities in support of a large fleet operation.

The three-year contract is the largest single deal yet signed by Airops, which is trading as myairops, Gama highlighted.

"We are pleased with the market traction being achieved by myairops, demonstrated by the confidence placed in the platform by one of the world's largest business aircraft fleet operators," said Chief Executive Marwan Khalek.

"It is another example of our strategic organic investment into innovative services that simplify business aviation," added Khalek.

AIM-listed Gama shares were trading 4.5% higher in London on Tuesday at 52.25 pence each.

By Evelina Grecenko; evelinagrecenko@alliancenews.com

More News

22 Feb 2023 13:48

IN BRIEF: Gama Aviation shares up on GBP65 million contract

Gama Aviation PLC - Farnborough, England-based aviation services company - Wins seven-year contract for the provision of helicopter medical emergency services from Wales Air Ambulance Charity. Says the new contract, which will begin in January 2024, is for the operation and maintenance of five Airbus H145 emergency medical service helicopters, two of which will be supplied by the company. A primary fleet of four helicopters will operate from the WAAC's current bases in Cardiff, Caernarfon, Welshpool and Dafen providing comprehensive nationwide HEMS coverage across Wales. The fifth helicopter will provide back-up for the maintenance downtime of the primary fleet to ensure service continuity. Expects the contract to deliver revenue of around GBP65 million over the seven year period.

22 Feb 2023 13:42

Gama Aviation secures £65m contract with Wales Air Ambulance Charity

(Sharecast News) - Gama Aviation said on Wednesday that it has been awarded a Â£65m seven-year contract by the Wales Air Ambulance Charity (WAAC) for the provision of Helicopter Medical Emergency Service.

27 Jan 2023 18:21

TRADING UPDATES: Eurocell cuts costs; Rotala to return GBP10 million

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

30 Dec 2022 16:20

Gama Aviation secures GBP25 million credit facility through subsidiary

(Alliance News) - Gama Aviation PLC on Friday said it has secured a new GBP25 million credit facility through its wholly-owned subsidiary, Gama Aviation Inc.

21 Dec 2022 10:37

Gama Aviation hails strong trading activity, seeks funds to repay loan

(Alliance News) - Gama Aviation PLC on Wednesday said it is recording a solid trading performance in the second half of 2022, following revenue growth in the first six months of the year.

21 Dec 2022 09:20

Gama Aviation delivers 'solid trading performance' in H2

(Sharecast News) - Aviation services group Gama Aviation said on Wednesday that it was currently enjoying "a solid trading performance" in the second half of the year.

2 Nov 2022 15:06

Gama Aviation picked as preferred Wales Air Ambulance bidder

(Sharecast News) - Gama Aviation has been selected as the preferred bidder for the Wales Air Ambulance Charity contract, it announced on Wednesday, for the operation and maintenance of four medium-size helicopters.

2 Nov 2022 13:38

IN BRIEF: Gama Aviation wins Wales Air Ambulance charity contract

Gama Aviation PLC - Farnborough, England-based aviation services company - Become the preferred bidder for the Wales Air Ambulance Charity contract for the operation and maintenance of four medium-size helicopters. Firm now working to agree final details of the contract with the charity over the next two months. Seven-year agreement expected to start on January 1, 2024. Notes there is no guarantee the contract will be concluded.

20 Oct 2022 17:23

TRADING UPDATES: Amaroq raises GBP30 million in placing

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

19 Oct 2022 22:01

TRADING UPDATES: Afentra extends deadline; Gama Aviation wins contract

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

28 Sep 2022 13:26

EARNINGS UPDATES: DP Poland loss widens but positive for second half

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

8 Aug 2022 15:09

Gama Aviation reports "solid" trading performance and revenue growth

(Alliance News) - Gama Aviation PLC on Monday reported "solid" performance as it expects a revenue increase of more than 20% as well as an increase in gross profit, while it negotiates new credit facilities.

29 Jul 2022 22:04

TRADING UPDATES: Georgia Capital needs new CEO; Macaulay Capital IPOs

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

13 Jul 2022 18:03

IN BRIEF: Gama Aviation Chair Simon To resigns with immediate effect

Gama Aviation PLC - Farnborough, England-based aviation services company - Non-Executive Chair Simon To resigns with immediate effect, will remain non-executive director. Senior Independent Director Peter Brown will act as interim chair, pending the appointment of a permanent replacement.

21 Jun 2022 16:07

IN BRIEF: Gama Aviation keeps on interim CFO Williamson permanently

Gama Aviation PLC - Farnborough, England-based aviation services company - Says interim Chief Financial Officer Michael Williamson has been appointed on a permanent basis as of June 17, and will join the board in due course. Williamson has acted as CFO since April when former CFO Daniel Ruback left the post, having resigned in January.

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Gama Aviation Unit Wins USD2.5 Million Software-As-A-Service Contract

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