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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Gama Aviation PLC    GMAA   GB00B3ZP1526

GAMA AVIATION PLC

(GMAA)
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Gama Aviation : Announce 7.8m Us-Based Acquisition

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01/12/2019 | 05:10am EDT

Gama Aviation, a global business aviation services company, has announced a trade and asset purchase of a paint and interior completion business currently operated by Lotus Aviation Group at Fort Lauderdale Executive Airport.

The purchase is part of Gama Aviations 7.8m investment to scale its US maintenance business.

The facility retains a strong track record in the completions market serving clients from across the US, Central & South America and is ideally situated for Gama Aviations existing Floridian heavy maintenance locations at Opa Locka and Palm Beach International.

Dennis Richey, President, for Gama Aviations US Ground division commented: The addition of the paint shop & completion centre is another significant milestone for our organic growth strategy in the US. This facility adds two new lines of business providing customers with the opportunity to work with a single provider across all major through-the-life maintenance events from unscheduled AOGs, to heavy, base maintenance and now interiors and paint. The depth, breadth and scale we now offer provides a compelling proposition for those operators who wish to simplify their maintenance supply chain.

Rajeev Singh, President & CEO of Lotus Aviation Group commented: Im immensely proud of what we have built at Lotus Aviation Group and very excited for our future with Gama Aviation. In recent years, we have seen business aviation maintenance buyers evolving from using a large, fragmented supplier base to much more capable integrated maintenance networks. This deal reflects that evolution which is great news for our people and our customers in North, Central & South America.

(c) 2019 South Sudan News Agency. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 202 M
EBIT 2018 14,5 M
Net income 2018 0,80 M
Finance 2018 7,55 M
Yield 2018 4,34%
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,23x
EV / Sales 2019 0,27x
Capitalization 54,6 M
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Mean consensus UNDERPERFORM
Number of Analysts 2
Average target price 0,78 $
Spread / Average Target -8,0%
Managers
NameTitle
Marwan Abdel-Khalek Chief Executive Officer & Director
Ralph Robins Non-Executive Chairman
Neil Medley Chief Operating Officer & Director
David George Stickland Chief Financial Officer
Stephen Peter Wright Executive Director & Chief Compliance Officer
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