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Gama Aviation lands £50m air ambulance contract extension
Business aviation services provider Gama Aviation's long-term contract with the Scottish Ambulance Service has been extended for a further three years.
The AIM-quoted company said the extension was set to begin in June 2020 and be worth approximately £50m for the three years that it covers.
Marwan Khalek, group chief executive of Gama Aviation, said: "Our work with the Scottish Ambulance Service over nearly three decades demonstrates the effectiveness of our business model, supplying both Air and Ground support to deliver mission-critical services where high availability and rapid response times are vital."
Gama Aviation said it has further enhanced its support to the service through the provision on "state-of-the-art" facilities in Glasgow and Aberdeen.
Pauline Howie, chief executive of Scottish Ambulance Service, said: "Gama Aviation have consistently delivered a high-quality service over a near 30-year period and we are pleased to have negotiated an extension to this contract that delivers even greater efficiencies and value for money for the people of Scotland. Gama Aviation's expertise has been central to delivering our mission in a challenging operational environment."
As of 0910 BST, Gama's shares were up 2.95% at 226.50p.