“[New billionaires in fast-growing countries] have to buy longer-range airplanes. If you’re flying from Mongolia to Nigeria, it’s either a three-day journey flying commercial or a nine-hour flight on your jet.”
UK Company Buys PrivatAir's U.S. Division
Farnborough, UK-based business aircraft operations company Gama Holdings purchased PrivatAir Inc., the U.S. division of PrivatAir Group, in March for an undisclosed sum. Gama also bought 25 percent of Flight Services Group, which provides charter services to the former PrivatAir management clients in the U.S. Gama Holdings has renamed the company Gama Aviation and said its headquarters will remain in Stratford, Conn. Gama Holdings now manages 62 aircraft, and five more are scheduled for delivery.