Gama Aviation posts revenue rise despite gloomy outlook for 2019

Gama Aviation has reported revenue of $234.8 million in its full year results for 2018, representing an increase of 13% compared to the year before. The global aviation outfit reported that its ground revenues organically increased by 10%, while its air revenues increased by 17%. The company suggests that the results reflect the contribution of its relationship agreement with Gama Aviation Hutchison Holdings. The company did post an impairment loss of $27.7 million, which the group says relates to the 2015 merger between Hangar8 and Gama Aviation. Chief executive Marwan Khalek said: “While 2018 was a disappointing year in terms