Hangar 8 Plc and Gama Aviation Announce $200 Million Merger

Hangar 8 Plc has announced to the London Stock Exchange’s AIM market the merger of Hangar 8 Plc and Gama Aviation. Subject to completion in early January, the new business, Gama Aviation Plc will be listed with an anticipated market capitalization of US $200 million.

Marwan Khalek, CEO of Gama Aviation, explained, “Over the last 30 years, Gama Aviation has grown steadily to become one of the major business aviation service providers in the world. However, through this merger we will be creating a true global leader and one that is uniquely positioned for accelerated future growth.

“We believe the strategic rationale for this merger is clear to see. The two businesses enjoy a complementary geographical coverage; they have a good operational fit and have been pursuing similar growth strategies built on a profitable and robust business model. Bringing them together into Gama Aviation Plc will create a business of significant scale and one with unparalleled breadth of geographical coverage and depth of capability and service, enhancing our client offering.

“I am very excited by this merger and the platform that it creates on which we will continue to grow our business aggressively, both organically and through acquisition. A platform that will allow us to continue to offer excellent service to our customers, great opportunity to our people and good returns to our shareholders.”

Dustin Dryden, CEO of Hangar 8 Plc, added, “Today our clients, many with ultra-long range aircraft, require their premier suppliers to be truly global too with the ability to supply a full range of private aviation services across the globe. The combination of our joint capabilities and experience, across all major aircraft manufacturers, and all major global trading hubs, becomes our new service baseline.

“I believe this is the largest business combination that our sector has seen, and allows us to seize the full benefits of market consolidation as we continue to meet if not exceed the needs of the most demanding of clients. We believe Gama Aviation Plc provides a world class offering.”