Sign In
10 Jan 2019 15:08
Press release
Gama Aviation adds east coast paint & interior completions facility to its US maintenance business
West Palm Beach, FL, 10th January 2019 - Gama Aviation Plc, the global business aviation services company, is pleased to announce a trade and asset purchase of a paint and interior completion business currently operated by Lotus Aviation Group at Fort Lauderdale Executive Airport. The purchase is part of Gama Aviation's stated $10 million investment to scale its US maintenance business.
The facility retains a strong track record in the paint & completions market serving clients from across the US, Central & South America and is ideally situated for Gama Aviation's existing Floridian heavy maintenance locations at Opa Locka and Palm Beach International.
Dennis Richey, President, for Gama Aviation's US Ground division commented: "The addition of the paint shop & completion centre is another significant milestone for our organic growth strategy in the US. This facility adds two new lines of business providing customers with the opportunity to work with a single provider across all major through-the-life maintenance events from unscheduled AOGs, to heavy, base maintenance and now interiors and paint. The depth, breadth and scale we now offer provides a compelling proposition for those operators who wish to simplify their maintenance supply chain."
Rajeev Singh, President & CEO of Lotus Aviation Group commented: "I'm immensely proud of what we have built at Lotus Aviation Group and very excited for our future with Gama Aviation. In recent years, we have seen business aviation maintenance buyers evolving from using a large, fragmented supplier base to much more capable integrated maintenance networks. This deal reflects that evolution which is great news for our people and our customers in North, Central & South America."
ENDS
Gama Aviation - Notes to Editors
Founded in 1983 on the simple principle of delivering its clients' missions with passion & dedication, Gama Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to those who use aviation as a platformto perform.
The Group has two divisions: Air and Ground. Air services include: aircraft management, special mission support and charter; with Ground services covering: base & line aircraft maintenance services, aircraft modification design and installation and Fixed Base Operations (FBO).
More details can be found at: https://www.gamaaviation.com/
For more information contact:
Duncan Daines
Chief Marketing Officer, Gama Aviation Plc
duncan.daines@gamaaviation.com
+44 1252 553029
Follow the stocks
