Fleet Update

RNS Number : 3400V

Hangar 8 Plc

11 January 2012

 



11 January 2012

HANGAR 8 PLC (AIM: HGR8)

("Hangar8" or "the Company")

Fleet Update

Hangar8, one of Europe's leading operators of private jets, and the world's largest charter operator of Hawker aircraft, announces that it has continued to make strong progress in recent months. In line with the Board's strategy several new management and charter contracts are for larger aircraft ,such as Challengers, from which greater revenue can be generated. The fleet now comprises 30 aircraft under management.

Hangar8's significantly expanded fleet now comprises 17 different types of aircraft, all approved by the CAA.  The types currently CAA approved are:

•	CHALLENGER 300	•	EMBRAER LINEAGE
•	CHALLENGER 601	•	HAWKER 750
•	CHALLENGER 604	•	HAWKER 800 XP
•	CHALLENGER 605	•	HAWKER 850 XP
•	CESSNA 525	•	HAWKER 900 XP
•	CESSNA 525A	•	HAWKER 4000
•	CESSNA 560 CITATION XLS	•	FALCON 2000 EXY
•	PHENOM 100	•	LEAR 45
•	BEECH B200 SUPER KINGAIR

Dustin Dryden, Chief Executive, commented "We are delighted to see the continued strong growth in the number of larger jets in our fleet where we are seeing increasing demand from our new and existing customers.  Our new maintenance offering is assisting us in attracting new owners overseas who wish to see their aircraft being maintained to UK standards. "

For further information please visit www.hangar8.co.uk or contact:

Hangar 8 plc	Tel: [phone]
Philip Brady / Dustin Dryden
Daniel Stewart and Company plc	Tel: [phone]
Paul Shackleton / James Thomas
Tavistock Communications	Tel: [phone]
Simon Hudson / Simon Compton

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, Almaty, Kiev, Dubai, Krasnodar, Mumbai, Abuja, Lagos 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 30 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.

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