Operational update

RNS Number : 1059Y

Hangar 8 Plc

21 January 2014

 



Hangar 8 plc ("Hangar8" or "the Company")

Operational update

Hangar 8, the UK-listed global aviation management and charter company, is pleased to announce that its aircraft management division has taken delivery of four more long range aircraft. This is the largest ever monthly intake of new aircraft to management. These new additions materially increase Hangar8's long range heavy aircraft charter capacity to some 30 aircraft, up from 24 heavy jets at the financial year end.  The four aircraft added to Hangar 8's fleet are a Bombardier 604, two Bombardier 605s and an Embraer Legacy.

Hangar 8 now manages more than 50 aircraft for clients with a particular focus on growing its fleet of heavy jets; reflecting an increasing demand for long haul private aviation.  Its analysis of industry data¹ reveals that there were 84 heavy business aircraft delivered across Europe last year, up from 63 during 2013 - an increase of 33%.

Dustin Dryden, Chief Executive Officer of Hangar 8, said: "Our size and buying power enables us to benefit from considerable economies of scale, which we pass on to our clients.  As we grow our aircraft assets under management, the savings we can secure for our clients increases.

"However, our proposition is not just about this.  It is also about the attention to detail we offer to each individual owner.

"We have a very strong working relationship with both Bombardier and Embraer, and yet again together we have been able to provide seamless deliveries for our mutual clients. Our continued close relationship with the major manufacturers remains a significant pillar in our ongoing success."

Enquiries:

Hangar 8 plc		[phone]
Dustin Dryden, Chief Executive Officer
Kevin Callan, Chief Financial Officer
Citigate Dewe Rogerson		+ 44 (0) 20 7638 9571
Chris Jarvis, Associate Director
Jonathan Smith, Director
Cantor Fitzgerald Europe		[phone]
Mark Percy / Catherine Leftley (Corporate Finance)
David Banks / Paul Jewell (Corporate Broking)

⁽¹⁾       Hangar 8 analysis of JetNet data, January 2014

NOTES TO EDITORS

About Hangar 8

Established in 2002, Hangar 8 is one of Europe's leading operators of private jets. With worldwide capabilities, Hangar 8 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, Hangar 8 is not only ideally situated but has at its disposal some of the finest terminal facilities.

Hangar 8's ambition is to be the world's leading provider of private aviation services. The Company plans to achieve this through organic growth and through consolidating the fragmented sector in which it operates.

Hangar 8 Group, which includes the VVIP boutique operator JetClub based in Farnborough, operates a fleet of 50+ aircraft across key manufacturer types. Having started out as a mid-size and super mid-size jet operator, Hangar 8's has moved towards a focus on the long haul market. The speciality is now Gulfstream and Bombardier products with a fleet of more than 20 Bombardier Challenger and Global type aircraft - a modern fleet maintained to the highest standards.

Hangar 8'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. Hangar 8's focus on long range jets and long term leases has made the company a preferred aviation solutions supplier to some of the world's largest the oil and gas, mining and commodity trading conglomerates.

Oxford-based Hangar 8 specialises in a very personal, private, bespoke, service, accepting clients by referral. It is the one of largest private aircraft operator in the UK and amongst the top five in Europe and specialises in operating mid-size and heavy aircraft. All of the private jets under management at Hangar 8 have the range to fly from London to Europe, Russia and the Middle East, with some capable of flying non-stop to India or the US.

 

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