West Star Aviation, LLC entered into a definitive agreement to acquire Gama Aviation Engineering, Inc. from Gama Aviation Plc (AIM:GMAA) FOR APPROXIMATELY $130 million on October 17, 2023. As on October 18, 2023, Gama Aviation Engineering, Inc. reported a revenue of $118.2 million and EBIT of $1.3 million for the year ended December 31, 2022. Transaction is subject to shareholder approval and is expected to close shortly thereafter.

Douglas Abernethy, Nick S. Dhesi and Bruce C. Herzog of Latham & Watkins LLP acted as legal advisor and Jefferies Financial Group Inc. acted as financial advisor to West Star Aviation, LLC. Angus Russell and Sandor de Jasay of Dial Partners LLP and James Joyce of WH Ireland Limited acted as financial advisor to Gama Aviation Plc. Robert J. Mittman, Kathleen A. Cunningham, Joseph T. Gulant, David A. Gilbert, Scott R. Smith, Michael A. Kadlec, Lisa Casey Spaniel and Margaret A. Hill of Blank Rome represented Gama Aviation on the transaction.

West Star Aviation, LLC completed the acquisition of Gama Aviation Engineering, Inc. from Gama Aviation Plc (AIM:GMAA) on October 18, 2023.