MEBA Convention News

Hangar8 to base Citation XLS in India

 - December 7, 2010, 11:45 PM

Oxford, UK-based charter and aircraft management company Hangar 8 announced this week at MEBA that it will begin operations in India with the basing of a Citation XLS in Mumbai. This move is in line with the company's aim of being able to provide an aircraft to a charter customer in any EMEA (Europe, Middle East, Africa) location within three hours of order confirmation.

In late November the Hangar 8 received the first Embraer Lineage 1000 to be delivered to a European operator. The aircraft is outfitted in 19-passenger configuration, with 52-inch screen in the entertainment zone and a master bedroom suite with a shower.

Last month, Hangar 8 has raised GBP2 million ($3.2 million) with a share flotation on the London Stock Exchange's AIM market. It placed just over 1.3 million shares, representing just over 21 percent of the Oxford-based company's enlarged share capital, valuing the company at GBP9.5 million (based on the opening share price of GBP1.50).