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Gama Aviation Says On Track Six Months On From Reverse Takeover

7th Jul 2015 09:06

LONDON (Alliance News) - Gama Aviation PLC Tuesday said overall trading across the group has been in line with management expectations since the reverse takeover of Hangar8 PLC in early January.

"The Gama Aviation and Hangar8 businesses have been successfully integrated within the first half, delivering synergies at least in line with expectations," the company said in a statement.

"Organic growth continues with the addition of further new aircraft across its global operations and a strong order book for its European Ground business," the company added.

Chief Executive Marwan Khalek said he is confident that the outlook for the current financial year remains positive and in line with market expectations.

Gama Aviation shares were down 2.5% at 295.00 pence on Tuesday morning.

By Samuel Agini; [email protected]; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.


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