MergerLinks Header Logo

Announced

Completed

Sterling Group-backed West Star Aviation completed the acquisition of Jet East from Gama Aviation for $131m.

Synopsis

Sterling Group-backed West Star Aviation, a non-scheduled airline company, completed the acquisition of Jet East, an aviation maintenance provider, from Gama Aviation, a British business aviation services company, for $131m. "We are delighted to announce the completion of the sale of Jet East to West Star Aviation. It delivers excellent value for Gama Aviation, realising substantial funds to return to our shareholders, strengthen our balance sheet and invest in our Special Mission, Technology & Outsourcing and Business Aviation strategic business units. Finally, I would like to reiterate our thanks to the entire Jet East team for their considerable efforts and achievements under the leadership of Stephen Maiden. We wish them continued success as they embark on their new chapter," Marwan Khalek, Gama Aviation CEO.

Show Details & Financials

Market Context

Sort

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US