Gama Aviation reports solid H2 trading but will review financing options

Gama Aviation, a provider of wide-ranging services to the industry, said it was “enjoying a solid trading performance in the second half [H2] of the year”, putting projected earnings “in line with management expectations”. The results, the UK-based company said, came after  “the recovery, strong revenue growth and solid financial performance” it reported in the first half of the 2022, though there had been “variances in the performance across the business units”. Gama Aviation earlier reported it in September 2022 sold and leased back its helicopter assets in a deal worth US$27 million. It said it used the influx to