24th May 2024
The
information contained within this announcement is deemed to
constitute inside information as stipulated under Article 7 of the
Market Abuse Regulations (EU) No. 596/2014 as it forms part of UK
domestic law by virtue of the European Union (Withdrawal) Act
2018.
Gama Aviation Plc (AIM:
GMAA)
("Gama Aviation" or the
"Company" or "Group")
Potential
Acquisition
The Board of Gama Aviation is aware
of industry market speculation and confirms that it is in
discussions to acquire the business of Tyrolean Jet Services
("TJS"). TJS is an Austrian provider of aircraft management and
charter services.
The Company's interest in TJS is
consistent with the Group's strategy to grow its Aircraft
Management & Charter business.
Discussions between the Group and
TJS are ongoing, and they remain subject to further negotiations,
diligence, and Board approval; as such they are not expected to be
concluded until after the Company's delisting from AIM.
Accordingly, there can be no certainty any transaction will be
completed and, if it does, on what terms such a transaction might
take place.
A further announcement will be made
in due course.
ENDS
Gama
Aviation Plc
+44 (0) 1252 553 000
Marwan Khalek, Chief
Executive
Camarco
+44
(0) 20 3757 4992
Ginny Pulbrook
Geoffrey Pelham-Lane
WH
Ireland
+44
(0) 207 220 1666
James Joyce
Sarah Mather
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 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
& MRO), 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/