Latest Breaking News On - East coast aviation - Page 1 : comparemela.com
- January 15, 2021, 11:12 AM
Gama Aviation Group CEO Marwan Khalek called his company s acquisition of Jet East Aviation strategically important. (Photo: Gama Aviation)
Global business aviation services provider Gama Aviation has acquired Jet East Aviation from East Coast Aviation in a $7.7 million cash deal that will significantly expand Gama’s existing U.S. MRO operations, the Farnborough, U.K.-based company announced today. The deal which includes an additional $1 million in deferred cash payable over two years and assumption of $3.2 million in Jet East debt creates an MRO operation in the U.S. with 400 employees, more than 90 AOG technicians positioned across the country, coverage of 65 business aviation airports, and more than 10 line stations and heavy, scheduled maintenance facilities.
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