Gama Aviation has agreed to purchase the business of UK based Specialist Aviation Services as part of a pre-pack acquisition from its appointed administrators.
The deal adds further scale and strength to Gama’s Special Mission strategic business unit with some £27m of annual revenue, three significant UK air ambulance charity contracts, six managed AW169 aircraft and two further national security contracts in the Middle East.
The additional capability is complementary to the Special Mission SBU adding a Leonardo Service Centre in Staverton, Gloucestershire. Operational synergies through combination of operations are identified.
“This acquisition accelerates our growth in our Special Mission SBU, adding scale in the UK, building on our recent contract wins with
amongst other the Welsh Air Ambulance and opening new international operations in the Middle East to complement our established fixed wing
aircraft management and MRO capability in the region. We believe that there is considerable potential within the trade and assets of this
business that over the medium term will enhance the prospects of the Special Mission SBU. However, given the nature of the
acquisition, our immediate priority is to ensure continuity of service for the UK air ambulance charities such that they are able to
maintain their life-saving operations.”
Said Marwan Khalek, Group Chief Executive, Gama Aviation.