Completion of the Sale of 20% share in associate

RNS Number : 2547X

Gama Aviation PLC

04 January 2022

 

Date: 4^th January 2022

Gama Aviation Plc (AIM: GMAA)
("Gama Aviation" or the "Company" or "Group")

Completion of the Sale of 20% share in associate

Gama Aviation, the global business aviation service provider, today announces that it has now secured the necessary consents and approvals to proceed with the sale of its 20% holding in the issued share capital of China Aircraft Services Limited ("CASL") as set out in the Company's announcement of the 24^th November 2021.

Accordingly, the Company received the US$2.0m cash consideration in full on the 31^st December 2021 thus bringing the sale transaction to completion.

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Gama Aviation Plc   [phone]
Marwan Khalek, Chief Executive 

Daniel Ruback, Chief Financial Officer    

Camarco                                                                                   [phone]

Ginny Pulbrook

Geoffrey Pelham-Lane

WH Ireland  [phone]

James Joyce

Ben Good

Gama Aviation - Notes to Editors

Founded in 1983 with the simple purpose of providing aviation services that equip its customers with decisive advantage, Gama Aviation Plc (LSE AIM: GMAA) is a highly valued global partner to blue chip corporations, government agencies, healthcare trusts and private individuals.

The Group has three global divisions: Business Aviation (Aircraft Management, Charter, FBO & Maintenance), Special Mission (Air Ambulance & Rescue, National Security & Policing, Infrastructure & Survey, Energy & Offshore); and Technology & Outsourcing (Flight Operations, FBO, CAM software, Flight Planning, CAM & ARC services)

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

 

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