AVIATION MERGER
Rivals overtake NetJets’ corporate aircraft management
Gama Aviation Signature Aircraft Management boasts 200 jets to take on Warren Buffett’s NetJets
London — There is a new leader in the US market for corporate aircraft management, as a merger of the American fleets of BBA Aviation and Gama Aviation elbows aside a division of Warren Buffett’s NetJets. The deal brings together about 110 US-based aircraft managed by Gama and 90 overseen by BBA, the companies said on Tuesday. While similar in size to the Executive Jet Management division of NetJets, the new venture will have significantly higher flying hours because of its customer profile, said Gama CEO Marwan Khalek. Trading under the name Gama Aviation Signature Aircraft Management, the business will also rank among the top handful of providers worldwide, Khalek said. BBA mainly manages aircraft located in the western US while Gama is stronger on the east coast, he said.
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