Press Release
Issued by Gama Aviation Asia.
August 14, 2015
Gama Hutchison, the Hong Kong-based joint venture between Gama Aviation Plc and Hutchison Whampoa, has today announced that it has signed a management contract for a Bombardier Global business jet, taking its fleet in Hong Kong to three aircraft.
Marwan Khalek, ceo of Gama Aviation Plc commented: “Since launching our joint venture with Hutchison Whampoa in January of this year we have received unprecedented demand for our services in Asia Pacific. One of the reasons we offer such an attractive proposition to our clients in the region is the size, breadth and depth of our service, which means we are able to offer considerable savings to our customers through economies of scale. The signing of the management contract for this aircraft is in line with our planned operations and will only bring costs down further as we look forward to growing our footprint in what we view as a key growth market for the business.”
Recent analysis of the Asia Pacific business aircraft fleet carried out by Gama Aviation has reveals a strong preference for larger, longer-range aircraft. Large jets accounted for 69% of business aircraft deliveries to China during the period between 2010 and 2014, compared to 47% for Asia Pacific and 33% globally. Indeed, a sixth (18%) of all global heavy jet and jet airliner deliveries between 2010 and 2014 went to Asia Pacific, with half of these going to China.
Since its merger with Hangar8 in January 2015 Gama Aviation has taken advantage of its greater scale by successfully renegotiated a 400-location global tender for fuel. Given a group consumption of more than 40 million litres last year, the company has naturally sought an economy of scale from providers and has embarked on a series of other scale-led procurement deals that it expects to lead to significant further savings for its client base across the world.
Gama Aviation now holds management contracts on over 140 business aircraft globally, making it one of the world's leading aviation services companies, with operations in 45 different locations in 17 countries across five continents.
