Gama Aviation has acquired FlyerTech and Aerstream for a total initial consideration of £3 million.
The acquisition, announced to the London Stock Exchange, will boost Gama Aviation’s CAMO (continued airworthiness management organisation) consultancy services, which is central to all aircraft operators including airlines, business aviation and the military in their management of an aircraft’s maintenance and its subsequent airworthiness certification.
Mark Hamment, Group Quality & Airworthiness Manager, Gama Aviation Plc, commented: “The CAMO has the mandate to audit, analyse and advise; creating savings for owners during an aircraft’s lifecycle, adding value to its sale and obviously ensuring regulatory compliance. This highly influential position within the aircraft ownership value chain, the businesses existing blend of contracted and project revenues, and our own organic fleet growth makes this deal intrinsic to the Group’s growth ambitions.”
The deal adds considerable coverage, with the Group now able to provide airworthiness management services across a wide range of aircraft types from the piston engined Cessna 150’s to the Boeing 747 and Airbus A340 series.
Gama Aviation Plc, Chief Executive, Marwan Khalek, said: “This acquisition is an excellent strategic fit for the Group, allowing us to extend and enhance our airworthiness management product offering to our managed and external customers in this highly specialised segment,"
Rick Fieldwick, FlyerTech’s Chairman said: “I’m confident that Gama Aviation will offer opportunities to FlyerTech and its employees that would not have been available otherwise. In particular with the uncertainty of moving out of the EU, I firmly believe that FlyerTech’s future will be more secure working within a larger corporate environment.”