£50 Million Air Ambulance Contract Extension

RNS Number : 7523P

Gama Aviation PLC

31 May 2018

 

Thursday 31^st May 2018

Gama Aviation Plc (AIM: GMAA)

("Gama Aviation", "the Company" or "the Group")

£50 Million Air Ambulance Contract Extension

Gama Aviation Plc, one of the world's largest business aviation services providers is pleased to announce the extension of its seven-year Scottish Ambulance Service contract. The contract extension commences in June 2020 for a further period of three years and is expected to be worth in the region of £50 million over that period.

Marwan Khalek, Group Chief Executive said:

"I am delighted that we have been awarded this contract extension. Our work with the Scottish Ambulance Service over nearly three decades demonstrates the effectiveness of our business model, supplying both Air and Ground support to deliver mission-critical services where high availability and rapid response times are vital.

This is testament to the dedication and expertise of our people, resulting in an excellent track record for delivery that has created an enduring relationship with accompanying contracted revenue streams. The forward visibility these contracts afford allows us to further enhance our support to the Service through the provision of state-of-the-art facilities in Glasgow and Aberdeen."

Pauline Howie, CEO, Scottish Ambulance Service said:

"Gama Aviation have consistently delivered a high-quality service over a near 30-year period and we are pleased to have negotiated an extension to this contract that delivers even greater efficiencies and value for money for the people of Scotland.  Gama Aviation's expertise has been central to delivering our mission in a challenging operational environment and we look forward to continuing our strong relationship with the company into the next decade."

ENDS

For further information please visit www.gamaaviation.com or contact:

Gama Aviation Plc                                            [phone]

Marwan Khalek, Chief Executive Officer

Camarco                                                            [phone]

Ginny Pulbrook

Geoffrey Pelham-Lane

Tom Huddart

Jefferies International                                    [phone]

Simon Hardy

Will Soutar

 Gama Aviation - Notes to Editors

Gama Aviation Plc (AIM:GMAA) is a global business aviation services group that specialises in providing support for individuals, corporations and government agencies; allowing them to deliver on the promises they make.  

The Group's services are split into two divisions: Air and Ground. Air services include aircraft management, special mission support and charter.  Ground services cover aircraft maintenance services, aircraft modification design and installation, and Fixed Base Operations (FBO).

More details can be found at:  http://www.gamaaviation.com/

 

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