Subscribe Free
in Business Aviation / Maintenance

Gama takes full control of Middle East business

Posted 18 October 2017 · Add Comment

Gama Aviation has bought out its partners in the Gama MENA business based in Sharjah.


When the Middle East business was set up in 2008, Gama Aviation worked with a consortium of local private equity investors called Jet Set comprising Growthgate Capital Corporation, Bahrain, Crescent Investment, and Felix Trading which held the majority shareholding.
Today Gama Aviation announced the acquisition of the 51% Jet Set interest for a cash consideration of $5.1m. Gama now owns 100% of Gama MENA.
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

Emirates anticipates peak arrivals period in upcoming weeks

Travel is expected to reach an all-time high in the upcoming weeks for Emirates, as the airline expects yet another busy period with travellers flocking into Dubai after the summer holidays and Eid breaks.

Ground handling industry failing to take the right action to solve talent and profit challenges

Recent research by RTITB Airside has found that airlines, airports and ground handlers are failing to take the right action when it comes to solving profitability and talent recruitment and retention challenges.

Etihad Airways most punctual Middle Eastern carrier in the first seven months of 2019

Etihad Airways was the most punctual Middle Eastern carrier in the first seven months of 2019.

MEBAA Show Morocco gearing up for September event

Business aviation exhibitors across the world are keen to take advantage of the region’s opportunities by promoting their products and services at the MEBAA Show Morocco, taking place 25-26 September at Marrakech Menara Airport.

DXB welcomes 41.3 million passengers in the first half of 2019

Dubai International (DXB) welcomed 41.3 million passengers in the first half of 2019, maintaining its position as the world’s largest international airport by traffic volume.

Pakistan and India Independence Days celebrated at Abu Dhabi International Airport

Visitors to Abu Dhabi International Airport (AUH) from Pakistan and India were greeted by the green, white and saffron colours of their national flags, and steaming cups of Karak chai, to commemorate the Independence days of the two

MEBCONSK1607240919
See us at
DIAC19_BT264161119Dubai AS BT2006211119BIDEC BT0108301019MEBAAMORBT2006260919AVAFA20BT2607050320MEBCONBT1607240919