West Star Aviation has concluded its planned acquisition of fellow MRO and managed fleet provider Jet East, some three weeks after Jet East owner Gama Aviation and West Star private equity owner Sterling Group conditionally agreed to the deal at last month’s NBAA Convention in Las Vegas. Although Jet East’s enterprise value totaled $131 million, proceeds to Gama Aviation amount to some $100 million.
Jet East provides MRO services and supports fractional and managed fleet operators. Capabilities include an “expansive” AOG mobile repair technician network, line maintenance operations, heavy maintenance facilities, and other complementary services. Gama Aviation has provided MRO services in the U.S. since 2012, and in 2020 Wheels Up acquired Gama Aviation’s aircraft management business. In January 2021, Gama Aviation purchased Jet East for $11.9 million.
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