UK Company Buys PrivatAir's U.S. Division

Business Jet Traveler » April 2008
Tuesday, April 1, 2008 - 5:00am

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.

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“Time is our most precious commodity, and there are conveniences that wealth brings to essentially get you more time. —retired Microsoft CEO Steve Ballmer, explaining why he commutes via private jet from his Seattle home to watch games of the Los Angeles Clippers, the basketball team he bought last year for $2 billion. ”

-retired Microsoft CEO Steve Balmer