- Gama Aviation reported financial results for the full year 2020 that showed declines in revenue and earnings due to the impact of the COVID-19 pandemic on the aviation sector. However, the company maintained a strong cash position.
- Key operational highlights included new contracts in special missions and technology outsourcing, the sale of a US subsidiary, and continued customer service despite pandemic challenges.
- Financially, revenue declined 26% while adjusted EBIT swung to a loss, reflecting lower activity and impairments, though the second half showed stable underlying performance. Cash flow was strong.
- The company implemented a new strategic business unit structure in 2021 to focus on high-value markets and long-term customer partnerships for future growth