Hangar 8 Fleet Update

RNS Number : 0833G

Hangar 8 Plc

06 May 2011

 



HANGAR 8 PLC

 ("Hangar8" or the "Company")

HANGAR8 FLEET UPDATE

Hangar8, one of Europe's leading operators of private jets, and now the world's largest charter operator of Hawker aircraft, announces that it has continued to make strong progress in recent months and as a result of several new management and charter contracts, now has 28 aircraft under management. This represents growth of approximately 50% from the 19 aircraft under management when the Company was admitted to AIM in November 2010.

Hangar8's significantly expanded fleet now comprises the following 13 different types of aircraft, all approved by the CAA. :

·        CHALLENGER 601	·        HAWKER 750
·        CHALLENGER 605	·        HAWKER 800 XP
·        CESSNA 525	·        HAWKER 850 XP
·        CESSNA 525A	·        HAWKER 900 XP
·        CESSNA 560 CITATION XLS	·        HAWKER 4000
·        PHENOM 100	·        FALCON 2000 EXY
·        EMBRAER LINEAGE

Dustin Dryden, Chief Executive, commented "We are delighted to see the continued strong growth in our fleet. Importantly, as we have expanded we have also taken the measured decision to invest in our infrastructure, especially maintenance and training, to ensure that we are able to efficiently capitalise upon the enhanced opportunities that our expanded fleet allows. With our strategic focus now fully encompassing overseas markets, on the back of our strong UK and European offering, we are well positioned to satisfy global demand in the future."      

Enquiries:

Hangar 8 Plc:
Dustin Dryden/Philip Brady	Tel: + 44 (0) 1865 844 025
www.hangar8.co.uk
Daniel Stewart & Company plc:
Paul Shackleton/James Thomas	Tel: + 44 (0) 20 7776 6550
Tavistock Communications Limited:
Simon Hudson/John West	Tel: + 44 (0) 20 7920 3150

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, Lagos and Moscow airports, Hangar8 is not only ideally situated but has access to 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 28 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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