Board Appointment

RNS Number : 8742Y

Hangar 8 Plc

04 January 2011

 

HANGAR 8 PLC

("Hangar8" or "the Company")

Board Appointment

The Directors of Hangar 8 Plc (AIM: HGR8), one of Europe's largest operators of privately owned passenger jet aircraft, are pleased to announce the appointment of Mr Philip Dominic Brady to the Board of the Company as Finance Director, with immediate effect.

Philip Brady, 38,  was previously on the Board of Real Office Group Plc as Finance Director where he also managed a number of corporate transactions including a reverse takeover.  He has extensive knowledge and experience of the regulatory regimes around listed companies and was a corporate finance director for eight years where he completed over 40 different types of investments in both the public and private markets.

Philip's investment experience includes merger and acquisition activities in small and medium sized enterprises which the Board believes will facilitate the Company's strategy of increasing the size of its fleet both organically and via the acquisition of other private jet charter operators.

Philip qualified as a Chartered Accountant and is a member of the Qatar British Business Forum as well as a member of the Securities Institute UK.

Commenting on Philip's appointment, Dustin Dryden, Chief Executive Officer of Hangar8 said:

"We are delighted to welcome Philip to the Board where his skills and experience will assist the Company to further develop its strategy and streamline its operations".

The following information is disclosed pursuant to Rule 17 (Schedule Two, paragraph (g)) of the AIM Rules for Companies:

Current Appointments: 

None

Past Appointments:

Real Office Group Plc

There is no further information to disclose.

Enquiries:

Hangar 8 Plc:
Dustin Dryden/Keiron Blay	Tel: [phone]
www.hangar8.co.uk
Daniel Stewart & Company plc:
Paul Shackleton/Emma Earl	Tel: [phone]
Tavistock Communications Limited:
Simon Hudson/John West	Tel: [phone]

NOTES TO EDITORS

About Hangar8:

Established in 2002, Hangar8 is one of Europe's leading operators of private jets.  With worldwide capabilities, Hangar8 operates some of the newest, safest and most desirable aircraft available for those who appreciate and understand the value of provenance. With aircraft based worldwide and fleet bases at Oxford, Luton, Biggin Hill, Edinburgh, Guernsey, Jersey, Nice, Kiev, Dubai, Krasnodar, Mumbai and Moscow airports, Hangar8 is not only ideally situated but has at its disposal some of the finest terminal facilities.

Hangar8's ambition is to have the right aircraft within one and a half hours of any customer wherever they are in the World, outside the Americas and Australasia.  The Company plans to achieve this through organic growth and through consolidating the fragmented sector in which it operates.

Hangar8 now operates 21 private jets - a modern fleet maintained to the highest standards.  Hangar8's aircraft types differ in size and range offering a complement of capabilities from short European hops to trans-continental voyages.

Hangar8's clients come from a wide variety of backgrounds including, music, sport and corporate - all of whom expect and receive the same level of exemplary service.

 

END

 

 

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