Hutchinson Whampoa increasing stake in Gama Aviation

07.05.2019

Gama Aviation has agreed to let Hutchison Whampoa China increase its stake in the business aviation company to 30%.

Hutchinson, a division of Hong Kong conglomerate CK Hutchison Holdings, took a 24.9% stake in Gama Aviation in 2018. At the start of April, Gama Aviation announced the appointment of Simon To, a current non-executive Director of the Company, as Chairman with immediate effect. Simon To is Managing Director of Hutchison Whampoa (China) Limited and Chairman of Hutchison China Meditech a biopharmaceutical company. He was formerly an independent non-executive Director on the boards of China Southern Airlines and Air China. He has been Vice Chairman of the Board of GAMECO since 1989 and serves as the Chairman of China Aircraft Services Limited, in which Gama Aviation has a 20% shareholding.
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