“Our H1 2021 results reflect the continuing impact of COVID-19 on the Group. Notwithstanding the $1.5m share of losses from the Group’s 20% associate investment in CASL, the Group has delivered a near breakeven performance and continues to generate positive operating cashflows despite the challenging pandemic. This provides further evidence of the robustness and resilience of our proven business model and the continuing focus on controlling costs, enhancing revenues and preserving cash. With a strong liquidity position, the Group is well placed to weather the remainder of this crisis and is very well positioned to recapture the growth opportunities that will accompany the emerging recovery in the private aviation market from the easing of lockdown measures and travel restrictions.”

Marwan Khalek, Group Chief Executive Officer, Gama Aviation Plc

Marwan Khalek

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(AIM Listed: Incorporated in the UK)

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