EASA awards Hangar8 Part 145 certificate

Hangar8 has announced that the European Aviation
Safety Association (EASA) has awarded the company a Part 145 approval to allow
Hangar8 to undertake in-house line-maintenance from permitted aircraft.

In November 2010, Hangar8 stated its intention to
bring in-house its then wholly outsourced aircraft maintenance in order to
improve operating efficiency, create a new revenue stream and provide a
foundation for a new business, in the UK and internationally, that could seek
maintenance business from third parties. Today Hangar8 announces that the
process to build such a business has commenced with the award of a Part 145
Approval from EASA in respect of aircraft in its fleet manufactured by Hawker
and Cessna. Hangar8 expects to secure certification from EASA for all remaining
aircraft types in its fleet in due course.

Historically, Hangar8 has outsourced the maintenance
of its growing fleet to third parties. With this award, the Company will now be
able to begin to take this work in-house generating savings for Hangar8 and its
aircraft owner customers. In the period to 30 June 2011, the Company spent approximately
£1m on outsourced maintenance for the Hawker and Cessna aircraft it operates.
The Company intends to make further investment in the qualified engineering
personnel and equipment necessary to achieve EASA Part 145 certification for
all aircraft types in its fleet.

Dustin Dryden, chief
executive of Hangar8 commented “I am
pleased to announce the next step in our strategy to become a broad based
provider of aviation services.
This certification allows us to better control the quality of maintenance we
can offer to our customers and
provides us with the opportunity to generate further savings for them. It will also mean that we can begin to
fulfil our ambition to provide maintenance services overseas as well as domestically, which is the
next logical move for us as an international aviation business.”