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Hangar8 increases fleet and plans major acquisitions for 2012

Hangar8 increases fleet and plans major acquisitions for 2012

UK based aircraft management and charter company Hangar8 has good reason to celebrate as it nears its first full year as a publicly listed business. The company has just taken delivery of 3 Phenom 100’s for management and charter operations and plans to add a further 4 aircraft before the end of the year. Talking to FlyCorporate, Gareth Cadwell, Director of Sales said: “Our mid-size and long-range aircraft will continue to grow significantly but we see an opportunity to redefine our current entry level into a premium entry level model for Hangar 8 customers. The aircraft has great ramp presence and cabin amenities, including an enclosed lavatory and a galley area, which will be much appreciated by both our existing light jet customers and those new to private jet charter." The company has a strong history with Embraer and was one of the first operators to take delivery of the Lineage back in 2010. “We already have the relationship with Embraer at the top end of their product range and now we are leveraging that to get into the premium entry level range,” adds Cadwell. This young company, founded in 2002 by CEO Dustin Dryden, is now one of the largest operators in the UK with a floating fleet of 33 aircraft on its books, including 9 Hawker aircraft. By the end of the year Hangar8 will be adding a Challenger 300, a further Hawker 4000 and two more Hawker 900XP's, and a Challenger 605 joins the charter fleet this week. Having recently acquired a South African AOC and added Lagos to its list of operational bases, Cadwell tells FlyCorporate that the company is in the process of finalising a deal within the wider European market and has 3 more acquisitions in the pipeline for 2012. “This is our next chapter. We are looking across Europe, Middle East and Africa and as far East as India. We are not looking any further than this at this time and have no plans for the Americas or Far East.” Hangar8 is also looking to extend its maintenance services and is currently awaiting Part 145 approval. The plan is to establish the MRO facilities at its Oxford, UK base and operate a mobile service unit from there. On average the company performs between 150-200 flights a week and as the Hangar8 fleet continues to expand, the company is confident this number will significantly increase, reducing the time needed to provide an aircraft to charter customers worldwide.

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