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Gama Holdings Acquires PrivatAir´s U.S. Unit

Gama Holdings Acquires PrivatAir´s U.S. Unit

Gama Holdings Ltd., based at Farnborough Airport (EGLF) in the United Kingdom, has acquired U.S.-based PrivatAir Inc., a subsidiary of PrivatAir Group´s Switzerland operation. The acquisition became effective Feb. 29, for an undisclosed sum. Before purchasing PAI, GHL, part of the Gama Group, had a small presence at Teterboro Airport (TEB) in New Jersey, managing one Learjet. Gama´s U.S. operation has been renamed Gama Aviation Inc.

David Edwards, general manager of Gama, said GA now owns 25 percent of Flight Services Group Inc., a U.S.-based air charter company. He said a U.S. company holds 75 percent ownership of FSG. The majority of ownership of FSG, he said, is a "mix of U.S. entities."

"FSG has full operational control over all FAR Part 135 air charter flights and its operations," Edwards said. "Gama Aviation manages aircraft for individuals and corporations under FAR Part 91."

He said any aircraft that are added to FSG´s air carrier certificate for the use of public air charter would be operated solely by FSG. As of March 25, FSG operated 29 aircraft for air charter, according to Federal Aviation Administration documents.

"What Gama was most interested in was acquiring PAI´s managed aircraft business," Edwards said. "We intended to grow that part of the business."

After the acquisition, GA took over PAI´s facilities. Today, both GA and FSG are headquartered at Igor I. Sikorsky Memorial Airport (BDR) in Stratford, Conn. The two companies share additional offices and aircraft bases at Florida´s Palm Beach International Airport (PBI) and Norwich Lt. Warren Eaton Airport (OIC) in New York.

With its combined U.S. and European operations, Gama manages 62 aircraft. The company now expects to manage 67 planes by the end of April for both its U.S. and European customers.

Founded 25 years ago, Gama´s business is comprised of aircraft ownership, charter services, business aircraft management, medical transport operations and aircraft maintenance around the world.

/ Новости