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