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  5. IN BRIEF: Gama Aviation in talks to buy Tyrolean Jet Services

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IN BRIEF: Gama Aviation in talks to buy Tyrolean Jet Services

Fri, 24th May 2024 20:18

Gama Aviation PLC - Farnborough, England-based aviation services company - Confirms that it is in discussions to acquire Tyrolean Jet Services, an Austrian provider of aircraft management and charter services. Gama was responding to industry market speculation. Explains the interest in TJS is consistent with the group's strategy to grow its Aircraft Management & Charter business. Says talks are ongoing, and they remain subject to further negotiations, diligence, and Board approval. As such, they are not expected to be concluded until after the company's delisting from AIM.

Current stock price: 96.00 pence, down 0.5% in London on Friday

12-month change: up 88%

By Jeremy Cutler, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
22 Sep 2023 11:12

Gama Aviation grows revenue in tough times but says outlook "cautious"

(Alliance News) - Gama Aviation PLC on Friday said it was able to increase revenue in its first half despite a challenging economic climate, but "remains understandably cautious" in its outlook for the rest of this year.

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8 Jun 2023 12:12

Gama Aviation shares jump up following strong annual results

(Alliance News) - Gama Aviation PLC on Thursday said its annual results showed "significant progress" with a narrowed loss, increased revenue and confidence for the current year, but said it remains "circumspect" given the difficult economic backdrop.

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22 Feb 2023 13:48

IN BRIEF: Gama Aviation shares up on GBP65 million contract

Gama Aviation PLC - Farnborough, England-based aviation services company - Wins seven-year contract for the provision of helicopter medical emergency services from Wales Air Ambulance Charity. Says the new contract, which will begin in January 2024, is for the operation and maintenance of five Airbus H145 emergency medical service helicopters, two of which will be supplied by the company. A primary fleet of four helicopters will operate from the WAAC's current bases in Cardiff, Caernarfon, Welshpool and Dafen providing comprehensive nationwide HEMS coverage across Wales. The fifth helicopter will provide back-up for the maintenance downtime of the primary fleet to ensure service continuity. Expects the contract to deliver revenue of around GBP65 million over the seven year period.

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22 Feb 2023 13:42

Gama Aviation secures £65m contract with Wales Air Ambulance Charity

(Sharecast News) - Gama Aviation said on Wednesday that it has been awarded a £65m seven-year contract by the Wales Air Ambulance Charity (WAAC) for the provision of Helicopter Medical Emergency Service.

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27 Jan 2023 18:21

TRADING UPDATES: Eurocell cuts costs; Rotala to return GBP10 million

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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30 Dec 2022 16:20

Gama Aviation secures GBP25 million credit facility through subsidiary

(Alliance News) - Gama Aviation PLC on Friday said it has secured a new GBP25 million credit facility through its wholly-owned subsidiary, Gama Aviation Inc.

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21 Dec 2022 10:37

Gama Aviation hails strong trading activity, seeks funds to repay loan

(Alliance News) - Gama Aviation PLC on Wednesday said it is recording a solid trading performance in the second half of 2022, following revenue growth in the first six months of the year.

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21 Dec 2022 09:20

Gama Aviation delivers 'solid trading performance' in H2

(Sharecast News) - Aviation services group Gama Aviation said on Wednesday that it was currently enjoying "a solid trading performance" in the second half of the year.

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2 Nov 2022 15:06

Gama Aviation picked as preferred Wales Air Ambulance bidder

(Sharecast News) - Gama Aviation has been selected as the preferred bidder for the Wales Air Ambulance Charity contract, it announced on Wednesday, for the operation and maintenance of four medium-size helicopters.

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2 Nov 2022 13:38

IN BRIEF: Gama Aviation wins Wales Air Ambulance charity contract

Gama Aviation PLC - Farnborough, England-based aviation services company - Become the preferred bidder for the Wales Air Ambulance Charity contract for the operation and maintenance of four medium-size helicopters. Firm now working to agree final details of the contract with the charity over the next two months. Seven-year agreement expected to start on January 1, 2024. Notes there is no guarantee the contract will be concluded.

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20 Oct 2022 17:23

TRADING UPDATES: Amaroq raises GBP30 million in placing

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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19 Oct 2022 22:01

TRADING UPDATES: Afentra extends deadline; Gama Aviation wins contract

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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28 Sep 2022 13:26

EARNINGS UPDATES: DP Poland loss widens but positive for second half

(Alliance News) - The following is a round-up of earnings reports by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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8 Aug 2022 15:09

Gama Aviation reports "solid" trading performance and revenue growth

(Alliance News) - Gama Aviation PLC on Monday reported "solid" performance as it expects a revenue increase of more than 20% as well as an increase in gross profit, while it negotiates new credit facilities.

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29 Jul 2022 22:04

TRADING UPDATES: Georgia Capital needs new CEO; Macaulay Capital IPOs

(Alliance News) - The following is a round-up of earnings by London-listed companies, issued on Friday and not separately reported by Alliance News:

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