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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 £65 million over the seven year period. Chief Executive Officer Marwan Khalek says: ‘This contract award is further evidence of the execution of our group’s focused growth strategy and marks another significant milestone for our Special Mission business unit in the air ambulance market.’ Current stock price: 72.06 pence, up 9.2% in London on Wednesday afternoon 12-month change: up 22% Copyright 2022 Alliance News Ltd. All Rights Reserved.
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