Gama Aviation Seals $131 Million Sale to West Star Aviation in Latham & Watkins Guided Deal

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Gama Aviation Seals $131 Million Sale to West Star Aviation in Latham & Watkins Guided Deal

Farnborough, England, — Gama Aviation, the British aerospace company based in Farnborough, has inked a substantial deal, selling its U.S.-based maintenance, repair, and overhaul business to private equity-backed West Star Aviation for approximately $131 million. This significant transaction, facilitated by the legal counsel of Latham & Watkins LLP, is poised to “materially benefit the group’s stakeholders.”

Gama Aviation (Eng) Inc., which operates under the name Jet East, is at the heart of this lucrative deal. The sale is expected to result in net proceeds of around $100 million, creating a buzz in the aviation industry.

West Star Aviation Enterprises LLC, the private equity force behind the acquisition, received expert guidance from Latham & Watkins LLP throughout the process. Legal representation details for Gama Aviation were not immediately available.

Marwan Khalek, Gama’s Chief Executive, shared insights into the decision to seal the deal with U.S. private equity firm The Sterling Group, the driving force behind West Star Aviation. He noted that this strategic move came about after several discussions with interested parties.