AIM listed Hangar 8 Plc and Gama Aviation merge to form Gama Aviation Plc: The merger creates a circa £130M/$200M capitalised global leader

Wednesday 10th December 2014

Hangar 8 Plc have announced to the London Stock Exchange's AIM market
the merger of Hangar 8 Plc and Gama Aviation. Subject to completion in
early January, the new business, Gama Aviation Plc (AIM:GMAA) will be
listed with an anticipated market capitalisation
of c. £130M/$200M.

The deal, brings together two complementary businesses, with little
operational overlap, creating a combined business of the scale, breadth
and depth required by a progressive and growing market.

The CEO of Gama Aviation, Marwan Khalek, explains: "Over the last 30
years, Gama Aviation has grown steadily to become one of the major
business aviation service providers in the world. However, through this
merger we will be creating a true global leader
and one that is uniquely positioned for accelerated future growth.

We believe the strategic rationale for this merger is clear to see.
The two businesses enjoy a complementary geographical coverage; they
have a good operational fit and have been pursuing similar growth
strategies built on a profitable and robust business
model. Bringing them together into Gama Aviation Plc will create a
business of significant scale and one with unparalleled breadth of
geographical coverage and depth of capability and service, enhancing our
client offering.

I am very excited by this merger and the platform that it creates on
which we will continue to grow our business aggressively, both
organically and through acquisition. A platform that will allow us to
continue to offer excellent service to our customers,
great opportunity to our people and good returns to our shareholders."

Dustin Dryden, CEO of Hangar 8 Plc adds: "Today our clients, many
with ultra-long range aircraft, require their premier suppliers to be
truly global too with the ability to supply a full range of private
aviation services across the globe. The combination
of our joint capabilities and experience, across all major aircraft
manufacturers, and all major global trading hubs, becomes our new
service baseline.

I believe this is the largest business combination that our sector
has seen, and allows us to seize the full benefits of market
consolidation as we continue to meet if not exceed the needs of the most
demanding of clients. We believe Gama Aviation Plc provides
a world class offering."

On completion the company will combine to:

• Create a global leader in a large and growing market one of the five largest operators globally

• Have 144 aircraft under management, operating from 44 different
locations in 15 countries across 5 continents with a strong presence in
North America, the UK, Continental Europe, Africa, Middle East, Asia and
South America

• Offer a comprehensive service, operating and supporting aircraft from
all major manufacturers and all classes of private jet aircraft

• Leverage economies of scale through: a greater number of managed
aircraft, across a greater number of geographic locations, providing
customers with more choice and convenience, improved logistics and
operational cost efficiencies

• Have a highly experienced board with some 225 years' of industry experience.

For more information please see the RNS statement on: and

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