[Farnborough, UK] As the group enters its 25th year of operation, Gama Holdings Ltd is delighted to announce the acquisition of PrivatAir, Inc, the US-arm of the PrivatAir Group.
Gama is an international aviation group, headquartered at Farnborough Airport in the United Kingdom. Founded in 1983, Gama operates business aviation services around the world. The business activities of Gama comprise aircraft ownership, charter services, business aircraft management, medical transport operations and aircraft maintenance.
The acquisition of the business of PrivatAir, Inc. marks a significant step in Gama’s expansion into the US market, where it is already present at Teterboro, NJ.
The addition of the PrivatAir, Inc. managed fleet brings the total fleet to over 60 business aircraft. The fleet comprises aircraft from all of the major manufacturers.
Marwan Khalek, Gama’s CEO and founder, commented: “Gama has enjoyed significant growth over the past 25 years, particularly in the last six. This year has seen our expansion in a number of key markets to make Gama one of the leading international business jet companies. We are delighted to have acquired PrivatAir, Inc. a company which enjoys an excellent reputation throughout the United States, a crucial market for any international business aviation company, and we look forward to working with our successful team in continuing to deliver the highest standards of safety, customer care and service”.
The company will be branded as Gama Aviation, Inc. and will remain based in Stratford, CT.
“PrivatAir will be refocusing its efforts on its European business and believes that the current buoyancy of the US private aviation market makes it the perfect time to sell our US division, says Greg Thomas, PrivatAir CEO. Following the sale, PrivatAir SA is now ideally placed to aggressively target new growth markets.”
The value of the acquisition is not being disclosed.