GAMA secures £20 million H145 order
The General Aviation Manufacturers Association (GAMA) has placed a firm order for three Airbus H145 Helicopters worth £20 million.
The helicopters are set to be delivered in 2019 and extends on an existing long-term contract with Airbus to 1 June 2020.
GAMA expects that at least 85% of the purchase price will be funded through a loan and lease structure.
GAMA’s CEO, Marwan Khalek, commented: “We are delighted with these contract awards which endorse the company’s strength in the UK special-mission market segment. This is as a direct result of our strategy to continue to build our depth of capability and breadth of service offerings to derive steady and profitable revenue growth for our European division.
“These medium- and long-term support contracts, which we have a strong track record in winning, significantly improve the forward visibility of our revenues and enhance our earnings in the mid to long term.”
GAMA has also secured an 11-year government agreement to provide maintenance, parts and logistic support for eight aircraft. The contract is expected to bring in revenues of between £66 million and £88 million over the period.