Bank of America and British-based aviation group, Gama Aviation, Inc., formed a strategic alliance, providing enhanced financing terms for clients who finance their aircraft through Bank of America and obtain aircraft management services from Gama Aviation. The announcement was made at the 61st annual National Business Aviation Association convention in Orlando.
"At Bank of America, we are regularly looking for ways to help our clients take advantage of opportunities to acquire the long-term use of business aircraft in a cost-effective manner," said Michael Amalfitano, Corporate Aircraft Finance executive at Bank of America. "Gama Aviation, while offering a full range of aircraft services, is first and foremost an aircraft management company that emphasizes the stewardship of its clients' assets. This agreement reflects the confidence we have developed in Gama's aircraft management expertise and client service, and will result in Bank of America offering our shared clients more attractive financing."
Gama Aviation is based in Stratford, Conn. with operations in West Palm Beach, Fla., Teterboro, N.J., and 15 satellite bases across the United States. It is a subsidiary of Gama Group, based at Farnborough in the United Kingdom. Gama is an international aviation group with operating bases throughout Europe and the Middle East. Founded in 1983, the business activities of Gama comprise aircraft ownership, charter services, business aircraft management, medical transport operations and aircraft maintenance.