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.