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HGR8 Hangar 8

314.00
0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hangar 8 LSE:HGR8 London Ordinary Share GB00B3ZP1526 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 314.00 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Gama Aviation PLC Gama Aviation & Wheels Up fly 100,000th segment

17/07/2017 8:31am

RNS Non-Regulatory


TIDMGMAA

Gama Aviation PLC

17 July 2017

Press release

Gama Aviation & Wheels Up fly 100,000(th) segment and have record Fourth of July holiday weekend

Shelton, Connecticut, July 17, 2017 - Gama Aviation LLC, the exclusive operator of the Wheels Up King Air 350i and Citation Excel / XLS program, is pleased to announce major milestones for its Wheels Up flight operations. On Wednesday July, 5(th) , the 100,000(th) flight segment in the Wheels Up program was flown by N861UP, a Beechcraft King Air 350i flying from Jacksonville FL to Nashville TN. In quick succession from June 29(th) through July 2(nd) , the Fourth of July holiday weekend, Gama Aviation completed over 400 member flights for Wheels Up, including record-breaking numbers on Saturday, July 1(st) when more than 100 passenger legs were flown.

Thomas Connelly, CEO & President, Gama Aviation LLC said: "I'm extremely proud of reaching this milestone. Four years ago, Wheels Up was an idea, a PowerPoint presentation and a spreadsheet, now flight operations for Wheels Up have the same scale as a regional airline, rapidly approaching 6,000 flight sectors per month with the continual drive to democratize private aviation. That said, we will not rest on our laurels. Wheels Up members, Kenny Dichter and the Wheels Up management team have high expectations of us. We will continue to work safely, tirelessly and diligently to support the business as it continues to grow; meeting and surpassing Wheels Up's expectations every step of the way."

Kenny Dichter, CEO & Founder, Wheels Up said: "We originally selected Gama Aviation ahead of other high quality operators, based on their vast experience and pervasive safety culture. They have proven a crucial ingredient to the development of our brand, scaling as we scale; being flexible and responsive to our members' needs and offering cast iron reliability. This underpins the promises we have made to our members, enabling us to focus on them and our vision."

ENDS

Gama Aviation - Notes to Editors

Gama Aviation LLC is the US associate company of Gama Aviation Plc (LSE AIM:GMAA), a global business aviation services company that specialises in providing solutions for individuals, corporations and government agencies; allowing them to deliver on the promises they make.

Gama Aviation LLC provides solutions for private aircraft, fleet management and charter clients across the Unites States. In total, the company operates a fleet of 200+ aircraft making it the largest aircraft management business in the United States. Gama Aviation LLC is also the leading Part135 operator by hours flown (54,533) in 2016 according to ARGUS TRAQ PAK's 2016 league table.

More details can be found at: http://www.gamaaviationllc.com/ or http://www.gamaaviation.com/

About Wheels Up

Wheels Up is a revolutionary membership-based private aviation company that significantly reduces the upfront costs to fly privately, while providing unparalleled flexibility, service and safety. Created and led by renowned entrepreneur Kenny Dichter, Wheels Up offers guaranteed availability to its private fleet of new Beechcraft King Air 350i and Citation Excel/XLS aircraft to individual, family and corporate members. With the cutting-edge Wheels Up mobile app, members can seamlessly book flights, manage their accounts, participate in ride-share opportunities and select Hot Flights, a vast selection of one-way "empty leg" flights that are posted daily to the app and updated in real time. Members also have access to Wheels Down, a program featuring exclusive events and experiences, unique partner benefits and a full-service luxury concierge.

Wheels Up acts as agent for the Wheels Up members, and is not the operator of the program aircraft; FAA licensed and DOT registered air carriers participating in the program exercise full operational control of the program aircraft. Any aircraft owned or leased by Wheels Up are dry leased to the operating air carrier to facilitate operations by that carrier.

Please visit wheelsup.com. Follow us on Facebook | Twitter | Instagram | Google

For more information contact:

   Duncan Daines                                                Lorrissa Lippi 

CMO, Gama Aviation Plc Media & Marketing Co-ordinator, Gama Aviation LLC

   duncan.daines@gamaaviation.com                      lorrissa.lippi@gamaaviation.com 
   +44 1252 553029                                               +1 203 337 4634 

Mark Sage

Chief Brand Officer, Wheels Up

msage@wheelsup.com

+1 646 780 1060

This information is provided by RNS

The company news service from the London Stock Exchange

END

NRALIFFDDAIDLID

(END) Dow Jones Newswires

July 17, 2017 03:31 ET (07:31 GMT)

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