Gama Aviation Ltd was established in 1983 by Marwan Khalek and Stephen Wright at Fairoaks Airport, initially providing aircraft charter services with one Beech Baron aircraft.

In 1984 GAL obtained its first AOC and commenced offering business aircraft management services with one aircraft under management in 1988. In 1991 the company commenced working with the Scottish Ambulance Service through Bond Aviation Limited to provide fixed and rotary aircraft. In 1997, GAL acquired Bond Aviation Limited business from Bond Helicopters Group as well as Heathrow Jet Charter, a charter brokerage business. Having established a core platform during the 1990s, GAL focused on expanding its UK aircraft maintenance and service business with the acquisition of Plymouth Executive Aviation in 2001, which provided maintenance capabilities. This was further enhanced by the acquisition of Lees Avionics in 2008, which enabled Gama Group to provide a range of design and installation capabilities.

In 2008 Gama Group acquired Airops Software, a software consultancy and developer of aviation productivity software and PrivatAir Inc (now Gama Aviation LLC), based in Connecticut, USA, which provided Gama Group with a meaningful presence in the United States, the largest business aircraft market in the world. Full FAA maintenance approval was granted in the USA in 2011. The Group opened a number of other bases as part of its international expansion, including in the UAE which offers aircraft management, charter, maintenance and FBO services. Gama Aviation FZ-LLC was awarded an AOC in the UAE in 2010.

Further acquisitions were undertaken in 2011 (trade and assets of Mann Aviation Group Engineering) and 2012 (Ronaldson Airmotive Limited) which expanded Gama Aviation’s engineering and support capabilities. New bases were opened at Sharjah Airport, UAE, and Hong Kong.

On the 8th December 2014, Gama Aviation announced a merger (technically a reverse takeover) with Hangar 8 Plc, creating a company with an estimated market capitalization of £130 million. The deal is due to complete on 6th January 2015, with Gama Aviation Plc becoming the new listed stock.


http://www.gamaaviation.com/


Previous Hangar8 thread

http://www.moneyam.com/InvestorsRoom/posts.php?tid=17094#lastread

8 Nov
Jefferies...
330.00
Buy

Admission of Placing Shares to Trading on AIM
Gama Aviation Plc ("Gama Aviation" or the "Company"), the global business aviation services provider, is pleased to announce the Admission of 19,591,837 new ordinary shares of one pence each in the Company to trading on AIM at 8:00am today. Accordingly, the Company has successfully raised gross proceeds of £48 million pursuant to the Placing. The gross proceeds of the Placing will be used to accelerate the group's strategy of becoming the leading global business aviation services group.

Following the Placing, the Company's Enlarged Issued Share Capital will comprise 63,611,279 Ordinary Shares. No Ordinary Shares are held in treasury. Accordingly, this figure of 63,611,279 Ordinary Shares may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the AIM Rules for Companies or the FCA's Disclosure Guidance and Transparency Rules.

Further to Admission occurring, Mr Simon To has also become a director of the Company with effect from Admission pursuant to the terms of the Relationship Agreement entered into with Hutchison Whampoa (China) Limited on 9 February 2018.