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Tag "Marwan Khalek"

Hutchinson Whampoa increasing stake in Gama Aviation

Hutchinson Whampoa increasing stake in Gama Aviation

Gama Aviation has agreed to let Hutchison Whampoa China increase its stake in the business aviation company to 30%. Hutchinson, a division of Hong Kong conglomerate CK Hutchison Holdings, took a 24.9% stake in Gama Aviation in 2018. “The main rationale is

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Gama Aviation lowers profit forecast for 2018

Gama Aviation lowers profit forecast for 2018

Gama Aviation, the London AIM listed business aviation company, has lowered its 2018 profit forecast by $3 million. The announcement surprised investors as on September 24, when it announced half year results, it had restated its forecast.Shares in Gama Aviation

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Gama Aviation raising $67 million to expand

Gama Aviation raising $67 million to expand

With stock-markets stumbling around the world, this may not have been the greatest week to raise equity, but Gama Aviation – the business aviation company listed on the London Stock Exchange – has announced a £48 million ($67 million) capital

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Managing Growth

Managing Growth

Is managing aircraft the most difficult job in the aviation industry? Perhaps the question was rhetorical, but it did not stop CJI editor Alasdair Whyte asking as he introduced the panellists. Luxaviation’s Patrick Margetson-Rushmore believed that while size might have

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Gama Aviation and CASL collaborate on maintenance services

Gama Aviation and CASL collaborate on maintenance services

Gama Aviation Hutchison (Hong Kong) has formally announced the start of its general sales agent collaboration with China Aircraft Services Ltd. The partnership was unveiled during a ceremony at CASL’s facility in Hong Kong last week. It gives Gama Aviation

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Gama Aviation sales up 45% in first six months of 2017

Gama Aviation sales up 45% in first six months of 2017

Gama Aviation, the London Stock Exchange AIM listed business aviation company, has had a strong start to 2017 with sales up 45% to $291 million for the first six months of the year. Underlying operating profit was $7.7 million compared

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Gama Aviation announces Landmark US merger

Gama Aviation announces Landmark US merger

Gama Aviation, the business aviation operator, has started 2017 by merging its US operations with Landmark Aviation, BBA Aviation’s 90 aircraft US management business. BBA Aviation, the owner of the Signature FBO chain, acquired Landmark Aviation in 2016. The transaction

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Gama Aviation set to double in size over the next two years

Gama Aviation set to double in size over the next two years

Gama Aviation has told investors that it will double the size of its business in the next two years. The global business aviation company announced the target as it realised strong interim results for the first six months of 2016.

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Gama Aviation buys Aviation Beauport

Gama Aviation buys Aviation Beauport

Gama Aviation has been granted approval to buy Aviation Beauport by the Jersey Competition Authority. The deal, which was conditionally announced on January 8, adds four light jets to Gama’s fleet. It also adds the island’s only FBO facility. Marwan Khalek, CEO

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Gama Aviation conditionally acquires Aviation Beauport

Gama Aviation conditionally acquires Aviation Beauport

Gama Aviation has announced that it will acquire Aviation Beauport of the Channel Islands. Once the acquisition is completed Gama Aviation will expand its geographic footprint and capture the growth potential of Jersey and the Channel Islands The conditional acquisition

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