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

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