Hangar8 adds four long-range business jets

Bombardier Challenger 605 parked on apron

Hangar8 increases its fleet of long-range business jets.

Bombardier Challenger 605 parked on apron.

Hangar8 has announced that its aircraft management division have taken delivery of four more long-range business jets: a Bombardier Challenger 604, two Challenger 605s and an Embraer Legacy.

The company now manages more than 50 aircraft for clients collectively worth over £1 billion.

Hangar8 says that its growing fleet of large private jets is being fuelled by an increasing demand for long haul private aviation.

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,” added Dryden.

At the end of last year, Hangar8 announced that for the year ended 30 June 2013, its revenue grew by 39 per cent to £23.6 million and its gross profit increased by 69 per cent to £8.3 million.

Although Hangar8 is headquartered at London Oxford Airport in the UK, the company has bases throughout the world, including Nigeria, South Africa, Russia, India and the UAE.