Charter & Fractional
Gama Aviation Shows 1H Growth
The UK-based company saw profits increase by 3 percent year-over-year
Gama Aviation jet on ramp
UK-based aircraft charter, management, maintenance, and special mission provider, Gama Aviation turned a modest profit in the first half of the year despite facing what it deemed a challenging economic and business environment. With little change expected in macro-economic conditions and the continuing geopolitical uncertainties the company is cautious in its outlook for the remainder of the year. (Photo: Gama Aviation)

In its just-released financial results for the first half of the year, Gama Aviation reported revenue growth of 4 percent, to $145 million, over the same period in 2022, with gross profits up by 3 percent, to $27.6 million.

The UK company’s net cash flow from operating activities was down from last year, decreasing from $15.5 million, to $11.6 million. In that same span, the aviation services provider lowered its net debt by $300,000, to $66.1 million, and decreased its net bank obligations by $12.3 million, to $22.5 million.

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