Last checked at 4 Jan 2022 07:00
Date: 4th January 2022
Gama Aviation Plc (AIM: GMAA)("Gama Aviation" or the "Company" or "Group")
Completion of the Sale of 20% share in associate
Gama Aviation, the global business aviation service provider, today announces that it has now secured the necessary consents and approvals to proceed with the sale of its 20% holding in the issued share capital of China Aircraft Services Limited ("CASL") as set out in the Company's announcement of the 24th November 2021.
Accordingly, the Company received the US$2.0m cash consideration in full on the 31st December 2021 thus bringing the sale transaction to completion.
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Gama Aviation Plc +44 (0) 1252 553 029Marwan Khalek, Chief Executive
Daniel Ruback, Chief Financial Officer
Camarco +44 (0) 20 3757 4992
Ginny Pulbrook
Geoffrey Pelham-Lane
WH Ireland +44 (0) 207 220 1666
James Joyce
Ben Good
Gama Aviation - Notes to Editors
Founded in 1983 with the simple purpose of providing aviation services that equip its customers with decisive advantage, Gama Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to blue chip corporations, government agencies, healthcare trusts and private individuals.
The Group has three global divisions: Business Aviation (Aircraft Management, Charter, FBO & Maintenance), Special Mission (Air Ambulance & Rescue, National Security & Policing, Infrastructure & Survey, Energy & Offshore); and Technology & Outsourcing (Flight Operations, FBO, CAM software, Flight Planning, CAM & ARC services)
More details can be found at: http://www.gamaaviation.com/