Hangar 8 is all set for take off
Hangar 8 is all set for take off"
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Hangar 8 plans to use the cash generated in a flotation and placing to fund growth, market the business to new aircraft owners and invest in staff and equipment.
The firm operates as a management company for aircraft owners and third party charter customers. It currently runs a fleet of 19 planes from airports in Britain and Europe, as well as
countries in the former Soviet Union and the Middle East.
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Growth has returned to the fragmented charter market, with business aircraft traffic forecast to expand by 5 per cent a year from 2011.
The company’s Chief executive Dustin Dryden said: “Hangar 8 is perfectly positioned to take full advantage of its growing market.”
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