Gama Aviation (GMAA)

Sector:

Commercial Transport

Index:

FTSE AIM All-Share

98.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 101.00
  • 52 Week Low: 47.10
  • Currency: UK Pounds
  • Shares Issued: 64.83m
  • Volume: 21,204
  • Market Cap: £63.53m

Gama Aviation soars as it signs Europe-wide deal with WIJET

By Bianca Boorer

Date: Tuesday 31 Jan 2017

LONDON (ShareCast) - (ShareCast News) - AIM listed aviation services company Gama Aviation took off as its European ground division signed a Europe-wide maintenance agreement with France's air taxi service WIJET.
Gama Aviation will provide full base and line maintenance support for WIJET's fleet of 15 Cessna Citation Mustangs from its base in Oxford, in addition to providing aircraft on the ground (AOG) support across Europe to ensure aircraft availability.

Wijet serves 1,200 airports, which according to Gama Aviation is comparable to an average of just 300 airports. Last September, Wijet acquired its English competitor, Blink. The company's unique selling point is that it charges a flat fee of €2,400 per hour for all of its flights, on an all-inclusive basis.

The agreement comes at a time of growth for Gama Aviation's Oxford base with the base considerably adding to its EASA and FAA maintenance approvals over the last six months. It now supports the WIJET's aircraft Citation Mustang as well as the 560 XLS, King Air 90-300 series, Learjet 45 and Premier 1, and larger aircraft such as Bombardier's Global, Challenger and Embraer's Legacy series.

Head of Maintenance at WIJET Pat Marchant said: "Our business is reliant on maintaining aircraft availability. Gama Aviation has a long history of providing mission critical support to fleets around the world and as such is an ideal partner to provide maintenance support across Europe."

Chief Executive of Gama Aviation Marwan Khalek said: "Following the National Police Air Service (NPAS) contract win, the European Ground business has continued its strong start to the year. This deal demonstrates the scale, breadth and depth of our ground offer; its benefit to clients who value mission critical support and our ability to grow our business organically worldwide."

The share price of Gama Aviation rose 7.87% to 217.90p at 1019 GMT on Tuesday.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Gama Aviation Market Data

Currency UK Pounds
Share Price 98.00p
Change Today 1.00p
% Change 1.03 %
52 Week High 101.00
52 Week Low 47.10
Volume 21,204
Shares Issued 64.83m
Market Cap £63.53m

Gama Aviation Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.14% below the market average56.14% below the market average56.14% below the market average56.14% below the market average56.14% below the market average
50% below the sector average50% below the sector average50% below the sector average50% below the sector average50% below the sector average
Price Trend
75.77% above the market average75.77% above the market average75.77% above the market average75.77% above the market average75.77% above the market average
85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average85.71% above the sector average
Income Not Available
Growth
10.73% above the market average10.73% above the market average10.73% above the market average10.73% above the market average10.73% above the market average
Sector averageSector averageSector averageSector averageSector average

Gama Aviation Dividends

  Latest Previous
  Final Final
Ex-Div 04-Jul-19 28-Jun-18
Paid 25-Jul-19 25-Jul-18
Amount 2.00p 2.75p

Trades for 29-May-2024

Time Volume / Share Price
16:10 5,761 @ 97.00p
15:34 941 @ 97.30p
14:38 2 @ 95.00p
12:35 1,000 @ 101.00p
10:42 1,500 @ 97.30p

Gama Aviation Key Personnel

CEO Marwan Khalek
Chair Peter Brown

Top of Page