Jan 3 British aircraft services firm BBA
Aviation Plc would merge its aircraft management and
charter business with London-listed Gama Aviation Plc's
U.S. aircraft management unit, the companies said on Tuesday.
The combined entity will have around 200 aircraft under
management, making it the largest aircraft management business
in the United States, Gama Aviation said in a statement.
The merger is expected to be earnings-neutral to Gama
Aviation in 2017 and 2018, and earnings-accretive thereafter.
(Reporting by Rahul B in Bengaluru; Editing by Subhranshu Sahu)