http://www.hangar8.co.uk/charter.php?content=charter_home&section=1

Established in 2002 and AIM listed in November 2010, Hangar 8 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.

Building on our success, our fleet of Boeings, Gulfstreams, Bombardiers, Dassault Falcons, Embraers, Hawkers and other flagship brands now totals 50+ aircraft, including Augusta Westland and Bell helicopters.

Our objective is to differentiate ourselves from our competitors through our commitment to offer an unparalleled level of service and by offering a better value proposition utilising the scale benefits of our substantial fleet. The size of Hangar 8’s fleet today enables us to offer low management fees and attractive levels of charter income for our owners, whilst providing charter customers with a prompt service that is competitively priced.

For our aircraft management customers, we make ownership hassle free and cost effective. We take care of all crewing, engineering, maintenance, insurance, operational support and legal and administrative responsibilities.

For our charter customers, our aircraft are based worldwide making it easier and cheaper for us to get to you. aircraft locations in London. Our broad geographical spread together with our in-house proprietary logistics systems allows us to reach our charter customers in no more than three hours from confirmed booking.

Specialties

Private jet charter, Aircraft sales, Aircraft management

Looking after expensive jets is technically demanding and time -consuming. Thats why film stars, rock musicians, football teams and oil executives let Hangar 8 (HGR8) do it for them. Its a lucrative business and the Oxford based companyis growing fast, but the shares still look exiting for risk tolerant investors. First note that AIM-traded Hangar 8 is an asset manager, It does not own the jets, so there is no risk of high capital investment or depreciation. Charging owners a management fee of between £10,000 and £20,000 a month, and taking a cut if the planes are chartered by film stars and football teams is where the moneyis made.
Most direct costs - crew, maintenance, jet fuel, landing and handling charges are passed onto the owners. But they are happy with that because Hangar's service comes with tax and cost benefits approaching £0.5m a year that they would be unable to get for themselves. Given that most of Hangar 8 costs are fixed, operational gearing is significant. It has already passed critical mass - 16-18 planes, according to chief executive and co founder Dustin Dryden - above which extra revenue is highly profitable. Scale, then, is critical, and with 50 jets and helicopters on its books, the money is rolling in. Underlying pre-tax profit hit 1m in 2011-12 and will double this year, according to broker Seymour Pierce.
It looks feasable too. H8 is tying more clients to contracts of between one and five years, with obligations to buy a minimum of flying hours a month. That means assured revenues. Contracted revenue tripled to £10.8m, or 68% of the total, in 2011-12 and first quarter cash profits for 2012-13 quadrupled to £461,000, prompting city analysts to raise their forecasts.
A growing fleet of long range jets- the type owned by heads of state and the super rich, will help. With New York in range, they are in air and generating cash for longer than smaller planes, yet similar fixed costs mean profits are far higher.
Thats why H8's acquisition of rival International Jet Club (IJC) in November for just over £2m looks a good move. Farnborough based IJC's 10 heavy jets take Hanger 8's total to 22,or 44% of the fleet.Given the highly fragmented nature of the industry and Mr Dryden's ambition to double the size of the business ''asfast as possible'' more acquisitions are guaranteed. That could be a worry as acquisition-driven companies often dilute the quality of their business in the medium term.
That said, money won't be a problem. A £4.2million share placing at 170p to pay for IJC was oversubscribed by institutional investors. The placing should improve dealing liquidity.
Hangar 8's share price has doubled since Aug, yet earnings upgrades put them on a forward PE of less than 10. Broker Seymour Pierce thinks the share price should be 240p, it could go higher with lots more revenue being thrust through that fixed cost base. Again risky, but a buy.

:-))

Notice of Results
RNS
RNS Number : 9031Y
Hangar 8 Plc
28 February 2013



28 February 2013

HANGAR 8 PLC (AIM: HGR8)

("Hangar8")

Notice of interim results

Hangar8, one of Europe's largest operators of privately owned passenger jet aircraft, today announces it will be publishing interim results for the six months to 31 December 2012 on Wednesday 6 March 2013

Interim Results



Financial highlights



· Strong performance, in line with management expectations

· Adjusted EBITDA increased 72% to £890,000 (2011: £518,000); gross margin increased to 35% (2011: 26%)

· Improved quality and visibility of earnings by focusing on long-term management and charter contracts and reducing exposure to spot-charter market; where total contracted revenues (excluding the ad-hoc charter element) accounted for 69% of revenue (FY 2012: 57% / H1 2011: 40%), and within that percentage are long-term contracts accounting for 43% of revenue during the period (2011: 9%)

· Strengthened balance sheet through institutional placing in November 2012 raising gross proceeds of £4.2m; net cash balance of £4.7m (2011: £1.2m)



Operational highlights



· Step change achieved in scale of Group business

o Number of aircraft under management now at 46 (2011: 30), with four helicopters also under management and a further 4 aircraft added post period end

o Average size of aircraft increasing - 24 long-range, heavy jets in fleet at period end (2011: 11), with a further 3 heavy jets added post period end

· Successful acquisition of International Jet Club Limited ("IJC") in November 2012

o Added 10 long-range, heavy jets to Group fleet

o Enhanced Group operating capabilities with best-in-class systems, regulatory compliance and management expertise across jets from every major manufacturer

· Breadth of global platform expanded with 6 new international bases established during the period, bringing the total to 14 (2011: 6)

· Depth of service offering increased; investment in staff to support global platform, particularly in recently internalised engineering capability which is contributing to profit and assisting business development






http://www.moneyam.com/action/news/showArticle?id=4549617

Hangar8 pre-tax profits up 39.9%

6 March 2013 | 08:55am

StockMarketWire.com - Hangar8 - one of Europe's largest operators of privately owned passenger jet aircraft - posts pre-tax profits of £649,000 for the six months to the end of December, up 39.9% on last time.

Revenues rose by 19.4% to £11.1m and adjusted earnings before interest, tax, depreciation and amortisation rose by 71.8% to £890,000.

The group has a cash balance of £4.7m - up from £1.2m a year ago.

Chairman Nigel Payne said: "In a relatively short period of time we have successfully built a business capable of delivering first-class private jet management, charter and engineering services on a global basis.

"The recent acquisition of IJC has facilitated a step change in our business with further international expansion and investment in our engineering capabilities providing an exciting platform on which to build.

"The board is pleased with this set of results which underscores the substantial progress that the company has made.

"Our focus now turns to leveraging the scalable platform we have established to deliver long term sustainable growth. We look forward to the future with confidence."

A buy in this weeks SM - Hangar8 has ahead for heights

Private jet operator Hangar8 (HGR8:AIM) should continue to reap the benefits of its acquisition of International JetClub inNov 2012. The groups interim results (6 Mar)
revealed a 40% increase in pre-tax profit to £649,000 in six months to Dec 2012,as basic earnings per share shot 34% higher to 6.8p over the same period. Brokers consensus puts profits for 2013 at £2m and given the impressive earnings trajectory a price/earnings ratio of less than nine times looks interesting.

Trading Statement

RNS


RNS Number : 3736J

Hangar 8 Plc

16 July 2013






16 July 2013

Hangar8 plc

('Hangar8' or 'the Company')

Trading update

Hangar8 (AIM: HGR8), one of Europe's largest operators of privately owned passenger jet aircraft, today provides the following update on trading for the year ended 30 June 2013, ahead of its preliminary results which are expected to be announced by the end of October 2013.

Trading Update

The Company has enjoyed a strong year, with significant organic and acquisitive growth, that has delivered a material uplift in pre-tax profit, in line with market expectations.

International Jet Club Limited ('IJC'), acquired by the Company in November 2012, has facilitated a step change in the scale of Hangar8's heavy jet business and has performed well, already adding a further two long-range Global Express aircraft, trading in line with management's expectations. In addition to the scale benefits delivered by the acquisition, significant value has been extracted through knowledge sharing and the introduction of IJC's best-in-class aircraft management and operational systems to Hangar8's business.

The Company's balance sheet remains strong, with substantial cash reserves available to fund further expansion.

Commenting, Dustin Dryden, Chief Executive, Hangar 8, said:

"This has been a highly successful, transformational year for Hangar8 in which we have achieved everything that we set out to do. We have successfully delivered our strategy of increasing the operating scale, geographic breadth and product depth of our business, areas that the Board feel are vital in order to thrive in this industry, which has yielded a marked increase in our level of profitability. While markets do remain challenging, I remain confident that the momentum Hangar8's business has developed over the past year will continue, and we look forward to the future with a high degree of confidence."

ENDS

Final Results

RNS


RNS Number : 6858T

Hangar 8 Plc

22 November 2013






22 November 2013

Hangar 8 plc

("Hangar 8", "the Company" or "the Group")

Final results for the year ended 30 June 2013

Hangar 8, one of Europe's largest operators of privately owned passenger jet aircraft, today announces its financial results for the year ended 30 June 2013. All of the comparative information shown below for 2012 represents the audited results for the year ended 30 June 2012.



Financial highlights:



· Revenues up 39% to £23.6m (2012: £17.0m)

· Gross profit up 69% to £8.3m (2012: £4.9m)

· Gross margin percentage up 21% to 35% (2012: 29%)

· Adjusted EBITDA up 169% to £2.02m (2012: £0.75m)*

· Operating profit up 140% to £1.2m (2012: £0.5m)

· Cash balances ended the year at £3.83m (2012: £0.79m)

· Earnings used in Adjusted EPS up 217% to £1.55m (2012: £0.5m) (see note 11)**

· Adjusted basic EPS up 148% to 19.1p (2012: 7.7p) (see note 11)

· Basic and diluted EPS of 9.7p and 9.5p (2012: 4.9p and 4.8p) (see note 11)



Operational highlights:



· Contracted revenue up by 78% to £19.3m (2012: £10.8m)

· Contracted revenue now 82% of total (2012: 64%)

· Successful acquisition of International Jet Club Limited on 1 December 2012 (see note 25)

· Number of heavy jets under management up by 11 to 24 (2012: 13) of which 12 are deemed super heavy i.e. greater than 20 tonnes



Post Balance Sheet date highlights



· Aero-Medical is a new venture for the Group and is based in Africa, providing sophisticated medical air lift services in fully equipped aircraft with trained paramedics.

· Acquisition of 100% of Oasis Flight Malta Limited, a Maltese aviation company and holder of an Air Operators Certificate.



* Adjusted EBITDA is arrived at by taking operating profit before depreciation, amortisation and exceptional items.



** Earnings used in the adjusted EPS calculation is the profit after taxation adjusted for exceptional items and amortisation









Dustin Dryden, Hangar 8 Chief Executive said:



"This has been another powerful year of growth for Hangar 8. The team can be proud of the quantum growth rates they have achieved across all our major indices, as we continue to position the company as a global player of substance in a very fragmented marketplace. Our decision to focus growth both inside of and particularly outside of Europe continues to benefit us against our immediate competitors who have been affected by the weak economies at home in the UK and across Europe during the reported period. This strategy has both strengthened and protected the quality and longevity of our earnings, as we continue to focus on annual contracts rather than ad hoc spot-market revenues. With 82% of our revenues now under contract and organic growth still in good shape, we are encouraged by the opportunities open to us as we continue to renew existing, and win new business in all our major markets.



Current trading in the first quarter of the new financial year has enjoyed a strong start, and is in line with our expectations with further new aircraft in the process of being introduced.



Most importantly, I am particularly grateful to my global aviation team for all the hard work expended again this year as we continue to raise the bar in our sector."

MARKET REPORT: Mega rich fuel boom of private jet operator Hangar-8


By Geoff Foster

PUBLISHED: 22:29, 22 November 2013 | UPDATED: 10:56, 23 November 2013

It has become common practice. Mega-rich Russians are paying up to £10,000 an hour to hire a Bombardier Global 5000 long-distance business jet to whizz their friends and/or families over to London to either splash out on a London mansion or place their offspring into private school education.


http://www.dailymail.co.uk/money/markets/article-2512115/MARKET-REPORT-Mega-rich-fuel-hangar-8-boom.html

Hangar8: Westhouse Securities initiates with a target price of 270p and a buy recommendation.

A buy in this weeks IC - On a forward PE ratio of little more than eight. That's way too low.

Tipped by Naked Trader this week.

Hangar8: Cantor Fitzgerald raises target price from 240p to 260p leaving its buy recommendation unchanged

Hangar 8 CEO makes first sale to meet demand for stock

Tue, 03 December 2013


Hangar 8, a privately-owned passenger jet aircraft owner, announced that Dustin Dryden, its Chief Executive Office, made his first ever sale of company stock with the disposal of 750,000 shares to meet institutional demand.

Dryden sold the shares at 205p each for a total of £1.54m and reduced his stake to 3.3m shares.

Nigel Payne, Non-Executive Chairman, said: "Dustin has done an exceptional job in building the business and, as the founder of Hangar8, has never sold a share since its inception.

"By disposing of these shares we have satisfied some institutional demand following the announcement of our final results, and will assist in our desire to improve liquidity."

The company's share price has rocketed since mid-October from 161.50p to Tuesday's high of 226p.

For the first half of the year revenues rose 39% to £23.6m (2012: £17.0m), with gross profit of £8.3m, up 69% from £4.9m for the same period a year earlier.

At the time of the results, Dryden said it had been "another powerful year of growth" for the company.

Up just under 6% on a poor market day


Hangar 8 PLC (HGR8:LSE) set a new 52-week high during Tuesday's trading session when it reached 250.00. Over this period, the share price is up 24.56%.

Hangar 8 in line with forecasts 10 January 2014 | 13:12pm StockMarketWire.com - Hangar 8's board is pleased with trading which continues to be in line with expectations, non-executive chairman Nigel Payne told the annual general meeting earlier today (10 January). All the resolutions proposed at the meeting were passed. At 1:12pm: (LON:HGR8) Hangar8 share price was 0p at 246.5p Story provided by StockMarketWire.com - See more at: http://www.stockmarketwire.com/article/4737222/Hangar-8-in-line-with-forecasts.html#sthash.jISpOvO0.dpuf

RNS Number : 1059Y
Hangar 8 Plc
21 January 201



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."

Markets very poor today.

13 February 2014

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

Potential acquisition and suspension of shares from trading on AIM



Hangar 8, one of Europe's largest operators of privately owned passenger jet aircraft, is pleased to announce that it is in advanced discussions with Air Charter Service Group plc ("ACS"), a privately owned air charter business, about a potential combination of the two businesses to form a significantly enlarged group on the AIM market.

The proposed transaction would constitute a reverse takeover for the purposes of the AIM Rules and, accordingly, trading in the Company's shares has been suspended pending the earlier of the cessation of discussions or the publication of a re-admission document (which will provide further detailed information on the proposed transaction), which will be posted to shareholders in due course.

Nigel Payne, Non-Executive Chairman, commenting on the proposed transaction: "We are very excited about the prospect of putting Hangar 8 and ACS together to strengthen our combined offering to the aviation industry. I believe that the combination of the two businesses provides for a compelling proposition for all of the stakeholders of both businesses."



Enquiries:

Hangar 8 plc





+44 (0) 1865 372215

Statement re. Suspension

RNS


RNS Number : 8981B

Hangar 8 Plc

10 March 2014






10 March 2014

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

Restoration of the Company's shares to trading on AIM

Termination of talks on potential acquisition

Notice of interim results for the six months ended 31 December 2013



Hangar8, one of Europe's largest operators of privately owned passenger jet aircraft, announces that following termination of talks with Air Charter Service Group plc ("ACS"), a privately owned air charter business, about a potential combination of the two businesses, Hangar8 has requested that trading in its ordinary shares is resumed. The suspension from trading in the Company's ordinary shares will therefore be lifted at 11:00 am today.

The Company also announces that it will publish its unaudited interim results for the six months to 31 December 2013 on Wednesday 12 March 2014.

Nigel Payne, Non-Executive Chairman, commented: "We are disappointed that we have not been able to reach agreement on terms with ACS, however, we remain focused on our ambition to be the world's leading provider of private aviation services. Our interim results, to be published later this week, will show continued strong growth in our business and provides us with an excellent platform to develop Hangar8 further.

Hangar8 talks with ACS terminated 10 March 2014 | 14:09pm StockMarketWire.com - Trading in Hangar8's shares has resumed on AIM following the termination of talks about a possible combination with Air Charter Service, a privately owned air charter business. Non-executive chairman Nigel Payne said: "We are disappointed that we have not been able to reach agreement on terms with ACS, however, we remain focused on our ambition to be the world's leading provider of private aviation services. Our interim results, to be published later this week, will show continued strong growth in our business and provides us with an excellent platform to develop Hangar8 further." At 2:09pm: (LON:HGR8) Hangar8 share price was +17p at 269.5p - See more at: http://www.stockmarketwire.com/article/4769895/Hangar8-talks-with-ACS-terminated.html#sthash.6sBQb2Zh.dpuf

Half Yearly Report

RNS


RNS Number : 0711C

Hangar 8 Plc

12 March 2014








12th March2014



HANGAR 8 PLC (AIM: HGR8)

("Hangar8", "the Company" or "the Group")

Interim results for the six months to 31 December 2013



Hangar 8 plc, one of the world's leading operators of privately owned passenger jet aircraft, today announces its unaudited half-year results for the six month period to 31 December 2013.






Financial highlights:



· Revenues up 13.1% to £12.5m (2012: £11.1m)

· Gross profit up 25.0% to £4.9m (2012: £3.9m)

· Gross margin percentage up 10.7% to 39.2% (2012: 35.4%)

· Adjusted EBITDA up 32.2% to £1.177m (2012: £0.890m)*

· Earnings used in Adjusted EPS up 40.7% to £0.882m (2012: £0.627m)**

· Adjusted basic EPS up 0.75% to 9.4p (2012: 9.3p)

· Basic and diluted EPS of 4.5p and 4.4p (2012: 6.8p and 6.5p)

· Maiden dividend to be recommended with the full year results

























Operational highlights



· Continued growth in quality and forward visibility of earnings by focusing on long-term management and long-term charter contracts

· Contracted revenue up by 15.3% to £10.5m (H1 2012: £9.1m)

· Contracted revenue now 83% of total (H1 2012: 69%)

· 17 operational bases across EMEA region (H1 2012: 14)

· Engineering in-house repair capabilities now include aircraft batteries, wheels and tyres

· Set a new monthly record of 4 new aircraft deliveries (3 heavy and 1 super heavy jets)

· Aero-Medical operations in Africa building momentum

· Acquisition of 100% of Oasis Flight Malta Limited, a Maltese aviation company and holder of an Air Operators Certificate.



* Adjusted EBITDA is arrived at by taking operating profit before depreciation, amortisation and exceptional items.



** Earnings used in the adjusted EPS calculation is the profit after taxation adjusted for exceptional items and amortisation

















Nigel Payne, Chairman, commented:



"We are delighted with the performance of the business in the six months to 31 December 2013, a six month period in which we have continued to build upon the strong platform we established in previous periods. We have added more long range aircraft to meet the needs of a growing market; we have increased the breadth and depth of our operations with significant growth into new geographical markets and the provision of additional services into existing markets; we have focused on sustainable contracted revenues and have increased the forward visibility of revenues to now stand at over 83%.



Hangar8 is one of the leaders in our sector, providing the highest global standards in private jet management, charter and engineering services. The Board is very pleased with this set of results which underscores the substantial progress that the Company has made. We are confident that these foundations are scalable and we continue to look to the future with confidence."

Hangar 8 Chief sells shares to meet institutional demand

Fri, 14 March 2014


Dustin Dryden, Chief Executive Officer of Hangar 8, a European operator of privately-owned passenger jet aircraft, has this week sold half a million shares on the back of institutional demand for stock, the group revealed Friday.

The demand follows the company's half-year results issued Wednesday, which showed a strong rise in both revenue and profit.

At 260p-a-share, Dryden's sale generated a total of £1.3m. He now has an interest in 2.77m shares, representing approximately 29.32% of the issued ordinary share capital.

On Wednesday, the group said its revenue for the six months to the end of December rose 13.1% to £12.5m (2012: £11.1m), while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) rose from £0.89m to £1.18m.

It also said it planned to announce a maiden dividend payment alongside its full-year results.

Issue of Equity

RNS


RNS Number : 7281E

Hangar 8 Plc

14 April 2014




HANGAR 8 PLC (AIM: HGR8)

("Hangar8" or "the Company")

Issue of Equity

Hangar8, one of Europe's largest operators of privately owned passenger jet aircraft, announces that it has today issued the following ordinary shares of 1 pence each in the capital of the Company ("Ordinary Shares"):

· Further to the announcement on 1 March 2012 regarding the acquisition of Star-Gate Aviation
Close Corporation ("Star-Gate"), under the terms of the acquisition agreement entered into on
1 March 2012, the Company has today issued 10,016 Ordinary Shares to Arthur Christopher
Perry, the vendor of Star-Gate, as further consideration for the acquisition of Star-Gate.

· Further to the granting of options on 1 December 2011 in respect of 80,000 new ordinary
shares of 1 pence each as incentives to certain employees of the Company, these options
have now been exercised by the employees at the exercise price of £1.095 per share.

The above shares rank pari passu in all respects with the Company's existing issued Ordinary Shares. Application has been made to the London Stock Exchange for the admission of a total of 90,016 Ordinary Shares to trading on AIM and it is expected that admission will occur and that dealings will commence at 8.00 a.m. on 17 April 2014.

For the purposes of the FCA's Disclosure and Transparency Rules, the Company announces that following the issue of the above shares, the Company has 9,527,103 Ordinary Shares in issue with each Ordinary Share carrying the right of one vote.

The Company has no Ordinary Shares held in treasury. The total number of voting rights in the Company is therefore 9,527,103. This figure may therefore be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Director Shareholding & Holding in Company

RNS


RNS Number : 5343G

Hangar 8 Plc

08 May 2014






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

Director Shareholding



Hangar 8, one of Europe's largest operators of privately owned passenger jet aircraft, announces it was informed on 7 May 2014 that, on that date, Dustin Dryden, Chief Executive Officer, purchased 80,000 ordinary shares in the Company at 210p per share. In addition, George Rolls, Non-Executive Director, informed the Company on 7 May 2014 that, on that date, he purchased 50,000 ordinary shares in the Company at 210p per share.

Following these purchases, Mr Dryden has an interest in 2,846,933 ordinary shares representing approximately 29.88 per cent of the issued ordinary share capital of the Company and Mr Rolls has an interest in 99,565 ordinary shares representing approximately 1.04 per cent of the issued ordinary share capital of the Company.

The Company was informed on 6 May 2014 that, following a disposal of shares, Murray Law no longer has a disclosable interest in the Company.

The director buys less than a week ago now paying dividends.

Trading Statement

RNS


RNS Number : 9442K

Hangar 8 Plc

01 July 2014






1st July 2014

Hangar 8 plc

('Hangar8' or 'the Company')

Trading Update



Hangar8 (AIM: HGR8), one of Europe's largest operators of privately owned passenger Jet aircraft, today provides the following update on trading for the year ended 30 June 2014, ahead of its preliminary results which are expected to be announced by the end of October 2014.



Trading Update

The Company has enjoyed an excellent year, with significant organic growth, that has delivered a strong increase in EBITDA ahead of management's expectations.

This strong growth has been derived not only from the continued development of Hangar8's fleet of private jets under management, but also through the development of additional value added services such as Hangar8's in-house Engineering which has now internalised the majority of fleet maintenance requirements adding considerably to turnover and profitability. The recent opening of Hangar8's aircraft paint facility provides an additional new revenue stream to the Company's aviation offering.

The Company's balance sheet is strong and in light of the past year's performance and the Board's optimism for the future, the Board intends to recommend to shareholders a maiden full year dividend of 2.3 pence a share when it announces its full year results.



Commenting, Dustin Dryden, Chief Executive, Hangar8, said:

"I am delighted with this past year - a year where we have, through the hard work and dedication of our excellent team, seen the fruits of our business strategy continue to yield great progress."

"As we now move into a new financial year, the improving economy is already feeding through into our marketplace with higher activity across our business streams. The outlook for our business is strong and we enter the year with confidence."



ENDS

1 Jul Westhouse... 310.00 Add
1 Jul Cantor... 310.00 Buy

Notice of Results

RNS


RNS Number : 5947V

Hangar 8 Plc

29 October 2014






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

Notice of Results



Hangar 8, one of Europe's largest operators of privately owned passenger jet aircraft, is pleased to announce that its Final Results for the year ended 30 June 2014 will be announced on Thursday 6th November 2014.

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 17/10/2014, 14 days ago, when the stock price was 311.8750. Since then HGR8.L has risen by +4.85%.

Market Outlook

The market is uncertain with a negative tilt. The traders seem to be in disagreement. The negative sentiment, however, is increasing as evident from the last bearish pattern. So, it is better to be on alert.



http://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=HGR8.L

Final Result
06 Nov 14 Hangar8 [HGR8]

Final Results

RNS


RNS Number : 2864W

Hangar 8 Plc

06 November 2014






Hangar 8 plc

("Hangar 8", "the Company" or "the Group")

Final results for the year ended 30 June 2014

Hangar 8, one of Europe's largest operators of privately owned passenger jet aircraft, today announces its financial results for the year ended 30 June 2014. All of the comparative information shown below represents the audited results for the year ended 30 June 2013.







Financial highlights:



· Total Revenues up 26% to £65.0m (2013: £51.4m)

· Gross profit up 25% to £10.3m (2013: £8.3m)

· Gross margin percentage consistent for both years at 16%

· Adjusted EBITDA up 32% to £2.66m (2013: £2.02m)*

· Operating profit up 29% to £1.5m (2013: £1.2m)

· Cash balances ended the year at £4.64m (2013: £3.83m)

· Earnings used in Adjusted EPS up 34% to £2.1m (2013: £1.5m) (see note 10)**

· Adjusted basic EPS up 15% to 22.0p (2013: 19.1p) (see note 10)

· Basic and diluted EPS of 10.4p and 10.3p (2013: 9.7 and 9.5p) (see note 10)

· Maiden dividend of 2.3p per share







Operational highlights:



· Contracted gross margin up by 22% to £9.0m (2013: £7.4m)

· Contracted gross margin 87% of total (2013: 89%)

· Number of heavy jets under management up by 4 to 27 (2013: 23) of which 15 (2013: 12) are deemed super heavy i.e. greater than 20 tonnes

· Total aircraft flight hours operated up by 9% to 9,743 (2013: 8,942)

· Total charter flight hours operated up by 51% to 1,483 (2013: 979)







* Adjusted EBITDA is arrived at by taking operating profit before depreciation, amortisation and exceptional items.



** Earnings used in the adjusted EPS calculation is the profit after taxation adjusted for exceptional items and amortisation.





Nigel Payne, Hangar 8 Non Executive Chairman said:



"I am delighted to report that the Group has enjoyed an excellent year delivering significant organic growth. Our controlled growth strategy has gained further momentum as we continue to focus our efforts on increasing the number of our long-term fixed contracts, diversifying the services we offer and expanding the geographical breadth and depth of the business. It is also the first year in which we have seen the full benefit of the acquisition of International Jet Club which has continued to surpass our expectations. I am delighted to report a very positive set of results and the Board will accordingly be proposing the payment of a maiden dividend of 2.3 pence per share."

Dividend Dates

RNS


RNS Number : 4072W

Hangar 8 Plc

07 November 2014






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

Dividend dates



Hangar 8, one of Europe's largest operators of privately owned passenger jet aircraft, is pleased to announce that, as set out in its Final Results for the year ended 30 June 2014 announced yesterday, the Directors have recommended the payment of a final dividend of 2.3p per ordinary share for the financial year ended 30 June 2014, which can only be paid after the shareholders have approved it at the forthcoming Annual General Meeting of the Company.

If approved at the AGM, the final dividend will be paid on 19 January 2015 to shareholders on the register of members of the Company at 5.00pm (UK time) on Friday 19 December 2014. The ex-dividend date for the payment of the final dividend is Thursday 18 December 2014.

11 Nov Cantor... 400.00 Buy

Proposed Acquisition and Placing

RNS


RNS Number : 1238Z

Hangar 8 Plc

08 December 2014






NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, JAPAN, PANAMA, CHINA REPUBLIC OF IRELAND OR SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO MIGHT CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

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



Proposed acquisition of Gama Aviation Holdings (Jersey) Limited and
Proposed placing to raise £17.15 million for the Company and £5.8 million for certain vendors

Hangar8, one of Europe's largest operators of privately owned passenger jet aircraft, is pleased to announce the proposed acquisition by way of a reverse takeover of the entire issued share capital of Gama Aviation Holdings (Jersey) Limited ("Gama Aviation"), a privately owned global business aviation services group that focuses on air and ground operations (the "Acquisition"), and a conditional placing undertaken by Cantor Fitzgerald Europe of 6,125,379 new Ordinary Shares of 1p each in the Company ("Ordinary Shares") to raise £17.15 million for the Company. In addition, Cantor Fitzgerald Europe has conditionally placed on behalf of Dustin Dryden, and certain Gama Aviation vendors, a total of 2,089,286 Ordinary Shares to raise approximately £5.8 million (together, "the Placing").

Highlights:

· Proposed acquisition by way of a reverse takeover of Gama Aviation to be satisfied by the issue of 27,341,960 new Ordinary Shares, valuing the acquisition of Gama Aviation at £82.3 million1

· Merger of two leading private aviation services companies to form Gama Aviation Plc (AIM: GMAA) with an anticipated market capitalisation on Admission of £120.4million2

· Placing of 6,125,379 new Ordinary Shares at a price of 280 pence each (the "Placing Price") raising gross proceeds of £17,151,061 to be used to extinguish net debt and provide additional working capital

· Placing of 2,089,286 existing Ordinary Shares at the Placing Price on behalf of certain vendors (the "Vendor Placing")

Strategic Rationale for the Acquisition

On Admission the Enlarged Group, to be re-named Gama Aviation Plc, will:

· Be a global leader in a large and growing market and one of the five largest operators globally

· Operate in a highly fragmented industry where scale is increasingly important and stringent regulation is increasingly a barrier to new entrants and sub-scale companies

· Have 144 aircraft under management, operating from 44 different locations in 15 countries across 5 continents with a strong presence in North America, the UK, Continental Europe, Africa, Middle East and Asia as well as South America

· Offer a comprehensive service, operating and supporting aircraft from all major manufacturers and all classes of private jet aircraft

· Leverage economies of scale through: a greater number of managed aircraft, across a greater number of geographic locations, providing customers with more choice and convenience, improved logistics and operational cost efficiencies

· Have a high quality, visible earnings stream with 80% of gross margin contracted

· Have a strong platform for organic growth and further complementary acquisitions

· Have a highly experienced board with some 225 years' of industry experience



Dustin Dryden, Chief Executive of Hangar8 commented:

"Hangar8 has achieved much in its short history but, in our highly regulated industry, success at all levels is now entirely driven by scale. It is no longer sufficient to manage a relatively small number of aircraft across a few countries. Today our clients, many with ultra-long range aircraft, require their premier suppliers to be truly global too with the ability to supply a full range of private aviation services across the globe. The combination of our joint capabilities and experience, across all major aircraft manufacturers, and all major global trading hubs, becomes our new service baseline.

This exciting combination of Hangar8 and Gama Aviation, to form Gama Aviation Plc in one step, delivers that, and moreover, does so in a way that organic growth and a series of smaller consolidations would perhaps take a decade or more to replicate, placing the new enlarged group firmly on the podium of global private aviation companies.

I believe this is the largest business combination that our sector has seen, and allows us to seize the full benefits of market consolidation as we continue to meet if not exceed the needs of the most demanding of clients. We believe Gama Aviation Plc will provide a world class offering."



Marwan Khalek, Chief Executive of Gama Aviation commented:

"Over the last 30 years, Gama Aviation has grown steadily to become one of the major business aviation service providers in the world. However, through this merger we will be creating a true global leader and one that is uniquely positioned for accelerated future growth.

We believe the strategic rationale for this merger is clear to see. The two businesses enjoy a complementary geographical coverage; they have a good operational fit and have been pursuing similar growth strategies built on a profitable and robust business model. Bringing them together into Gama Aviation Plc will create a business of significant scale and one with unparalleled breadth of geographical coverage and depth of capability and service, enhancing our client offering.

I am very excited by this merger and the platform that it creates on which we will continue to grow our business aggressively, both organically and through acquisition; a platform that will allow us to continue to offer excellent service to our customers, great opportunity to our people and good returns to our shareholders.

Our new shareholders understand that today's announcement is a game-changing move and their belief is reflected in the strength of the share issue."



A circular comprising an Admission Document will be sent to shareholders giving notice of a general meeting of Hangar8 to be held on 5 January 2015 at 10.00 a.m. at the offices of Cantor Fitzgerald Europe, One Churchill Place, London E14 5RB. The Company has received Irrevocable Undertakings to vote in favour of the Resolutions in respect of 48.9 per cent. of the Existing Ordinary Shares representing 69.8 per cent. of the Ordinary Shares that are entitled to be voted. A copy of the Admission Document will be available on the Company's website www.hangar8.com



Capitalised but undefined terms shall have the meaning given to them in the definitions appearing in the Admission Document.



1. Based on the Hangar8 closing share price on 5 December 2014
2. Market capitalisation of the Enlarged Group at the Placing Price

8 Dec Cantor... 400.00

MANAMA, Bahrain, December 9, 2014 /PRNewswire/ --

The merger creates a circa £130M/$200M capitalized global leader

Growthgate Capital, the Gulf-based investment firm, announced today that its portfolio company Gama Aviation has proposed a £82 million ($127 million) reverse takeover with Hangar 8 Plc, an international operator listed on the London Stock Exchange's Alternative Investment Market (AIM). Subject to completion in early January 2015, the new business, Gama Aviation Plc (AIM: GMAA), will be listed with an anticipated market capitalization of £130million ($200 million).




http://www.prnewswire.com/news-releases/growthgate-backed-gama-aviation-completes-reverse-merger-and-lists-on-aim-london-stock-exchange-285177351.html

12 Dec Cantor... 400.00 Buy

MIDAS SHARE TIPS: Hangar8 and Gama Aviation to merge and fly with private jet set

By Joanne Hart for The Mail on Sunday

Published: 22:02, 13 December 2014 | Updated: 22:02, 13 December 2014


Private jets arouse strong emotions. Tesco’s new chief executive, Dave Lewis, put the group’s fleet of luxury planes up for sale recently, but their very existence seemed to highlight the profligacy of the previous management.

For companies that are not in the public eye, however, and for a growing number of the world’s super-rich, private jets are fast, convenient and infinitely preferable to commercial travel.

AIM-traded Hangar8 has been reaping the benefits of this trend and the shares, now 301½p, are likely to do even better after it merges with privately-owned Gama Aviation in the New Year.



Luxury: The private jet market is poised to grow by 15,000 planes over the next decade




+2
Luxury: The private jet market is poised to grow by 15,000 planes over the next decade

The combined group will be responsible for 144 planes, ranging from small turboprop aircraft to luxury jets replete with dining tables, armchairs and sofa-beds.

These planes operate all over the world, from remote parts of Africa to dense urban centres such as London, Los Angeles and Mumbai.

The business does not own planes but manages them, providing crews, sorting out the best airports for takeoff and landing, ensuring the jets are safe to fly, complying with regulation in the air and on the ground and buying fuel and other necessities.

This is a growing market worldwide but about three-quarters of operators in Europe and America manage five planes or fewer. However, as the regulatory environment becomes increasingly testing and jet-setters want to travel further afield, this cottage industry approach makes less sense.

Hangar8 and Gama are already larger than most but together they will be an even more powerful force, which means they can secure better deals in areas such as fuel costs and landing fees, hire more experienced crews and offer more airports.



Flying high: The merger of Hangar8 and Gama will complete on January 6


+2
Flying high: The merger of Hangar8 and Gama will complete on January 6

The two groups’ customers include international companies, multi-millionaires and even governments. Most of their work involves flying executives around faster and more comfortably than commercial jets would.

However, the companies are also involved in emergency missions, so one customer is NHS Scotland, for whom they transfer ill people from the islands to the mainland. Private planes are also used to fly sick staff from African outposts to mainstream hospitals and governments use them to deliver emergency aid too.

Hangar8 has to date been run by Dustin Dryden, who set up his company in 2002 and floated it in 2010. Gama has been run by Marwan Khalek who founded the business three decades ago. He will be chief executive of the combined group and it will take the name Gama Aviation because Gama is larger. Dryden will be on the board, however, and both men remain significant shareholders. The company will be chaired by Rolls-Royce veteran Sir Ralph Robins.

The private jet market is expected to grow by more than 15,000 planes over the next ten years as those who can afford one turn their backs on conventional air travel. Gama is well positioned to profit. Hangar8 produced profits of £1.98million and sales of £65million in the year to June 2014.

The new group is forecast to deliver sales of £213million and profits of £12.5million in 2015, with further significant growth predicted for 2016. Khalek and Dryden intend to expand the group by gaining market share from smaller players and by acquiring selected rivals too.

The merger of Hangar8 and Gama will complete on January 6 and shareholders in Hangar8 will automatically receive new Gama stock after that.

Midas verdict: The private jet market is growing. Hangar8 and Gama have already proved themselves to be successful in this sector but together they should do even better. Buy Hangar8 shares now and see them morph into Gama in January or buy shares in the new Gama plc once the merger has been officially completed. Either way, the price should rise.

Simon T of IC has issued a buy recommendation on Hangar 8's shares and a target price of 400p.

The market has reacted well to the recent takeover news,

Signal Update

Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 29/12/2014, 1 day ago, when the stock price was 343.0000. Since then HGR8.L has risen by +10.06%.

Market Outlook

You may relax since our STAY LONG position is secure. The market action does not cast a serious doubt on the wisdom of going long.

https://www.britishbulls.com/SignalPage.aspx?lang=en&Ticker=HGR8.L

Change of Name

RNS


RNS Number : 3206B

Hangar 8 Plc

05 January 2015






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



Change of Name

Further to the announcement made by the Company earlier today, the Company confirms its proposed change of name to Gama Aviation Plc has now been registered at Companies House and is therefore effective.

Trading in the Company's shares on AIM under the new name of Gama Aviation Plc (AIM: GMAA) will take effect from 6 January 2015.

From this date, further information can be found on the Gama Aviation Plc website at www.gamaaviation.com.

NEW THREAD ON THE 6TH JANUARY.

See new Gama Aviation Plc (GMAA) thread below

http://www.moneyam.com/InvestorsRoom/posts.php?tid=18574#lastread