Sunday 28 April 2024
Select a region
News

Aviation Beauport to take off after multi-million pound buyout

Aviation Beauport to take off after multi-million pound buyout

Saturday 09 January 2016

Aviation Beauport to take off after multi-million pound buyout

Saturday 09 January 2016


Aviation Beauport has been brought in a £5.3 million deal – and the new owners say that they are planning to invest millions in the business.

Gama Aviation plc already operate private aviation businesses in Glasgow and Sharjah, and a design engineering centre outside of London – they say that they hope to get the final clearance from the competition regulator by the end of February.

Gama say that the business has “strong growth potential” partly down to the number of high net worth individuals here, and the new Jersey Aircraft Registry.

Aviation Beauport, which has been running since 1969, currently manages four aircraft.

Marwan Khalek, CEO of Gama Aviation Plc, said: “This earnings enhancing bolt-on acquisition is an excellent strategic fit for the Group and allows us to extend our product offering in both our European Air and Ground operations.

“It will also provide unique access and opportunity to be of service to the large number of high net worth individuals who reside in Jersey thereby providing potential growth in customers.”

Mike Bell, the owner of Aviation Beauport, said: “I am delighted to have Beauport become part of the Gama family of companies, the pre-eminent company in services to the general aviation community.

The industry is becoming dominated by fewer but larger players, and Gama is at the forefront of that expansion, and it seemed logical to work with one of the most respected and progressive players in the industry.”

Sign up to newsletter

 

Comments

Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.

You have landed on the Bailiwick Express website, however it appears you are based in . Would you like to stay on the site, or visit the site?