UK’s BBA Aviation to merge aircraft management business with Gama Aviation’s US unit

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8th Jan, 2017 | Tourism Mail Crew

LONDON,Jan 8 : British aircraft services firm BBA Aviation Plc would merge its aircraft management and charter business with London-listed Gama Aviation Plc’s US aircraft management unit, the companies said on Tuesday.

[caption id="attachment_2789" align="alignnone" width="777"] Le directeur général d'International Consolidated Airlines Group (IAG), Willie Walsh, a déclaré que le groupe n'exercerait pas ses options pour l'achat d'avions A380 en raison du prix trop élevé du très gros porteur d'Airbus. /Photo d'archives/REUTERS/Pascal Rossignol[/caption]

The combined entity will have around 200 aircraft under management, making it the largest aircraft management business in the United States, Gama Aviation said in a statement.

The merger is expected to be earnings-neutral to Gama Aviation in 2017 and 2018, and earnings-accretive thereafter.