Hangar8’s Revenues Surge on Aircraft Management

AINalerts » March 1, 2012
March 1, 2012, 2:15 PM

UK-based aircraft charter and management firm Hangar8 reported yesterday that its overall revenue climbed 39 percent last year to £9.3 million ($14.6 million). This was due in large part to a 118-percent jump in aircraft management fees to £3.7 million ($5.8 million) as the number of managed aircraft rose from 22 in 2010 to 30 last year, with heavy jets accounting for five of the new additions. Charter revenues increased only moderately last year, rising 4 percent to £5.1 million ($8 million). Hangar8 reported a pre-tax profit of £518,000 ($813,260) last year.

Tags: Business

Share this...

Please Register

In order to leave comments you will now need to be a registered user. This change in policy is to protect our site from an increased number of spam comments. Additionally, in the near future you will be able to better manage your AIN subscriptions via this registration system. If you already have an account, click here to log in. Otherwise, click here to register.