The board of Gama Aviation Plc (AIM:GMAA) is aware of industry market speculation and confirmed that it is in discussions to acquire the business of Tyrolean Jet Services (?TJS?). The company's interest in TJS is consistent with the Group's strategy to grow its Aircraft Management & Charter business. Discussions between the Group and TJS are ongoing, and they remain subject to further negotiations, diligence, and Board approval; as such they are not expected to be concluded until after the Company's delisting from AIM.

Accordingly, there can be no certainty any transaction will be completed and, if it does, on what terms such a transaction might take place. A further announcement will be made in due course.