UK-based Gama Aviation has acquired Aviation Beauport, a privately owned Channel Island-based business offering a range of business aviation services. Royal Bank of Scotland provided a £10 million ($14.5 million) credit line to support the transaction.

This facility will be used to fund the cash consideration of the acquisition of Beauport and will also provide further expansion capital.

The acquisition of Beauport is conditional upon approval from the Jersey Competition Authority which is expected to complete by the end of February 2016.

Kevin Godley, CFO of Gama Aviation Plc commented: “The £10 million ($14.5 million) facility agreed after an extensive competitive process cements our long standing relationship with RBS and provides Gama Aviation with the ability to accelerate on the delivery of our strategy of organic growth and growth by acquisition”.