Gama Aviation to Acquire Charter Broker Hunt & Palmer for GBP23.8 Million
UK-based business aviation specialist Gama Aviation has entered into a conditional agreement to acquire global aircraft charter broker Hunt & Palmer. The deal is valued at approximately GBP23.8 million, which is equivalent to USD30.2 million. This acquisition will be financed through a new debt facility and the issuance of new ordinary shares to the sellers. By integrating Hunt & Palmer, Gama Aviation aims to significantly expand its global presence and market share. The move is expected to create a leading force in the business and private aviation sector, pending shareholder approval.
Official Source: https://www.ch-aviation.com/news/165066-uks-gama-aviation-acquires-charter-broker-hunt-palmer