News blog
Hangar 8
- BY: Andrew Hore |
- POSTED: 02/02/2012 |
- COMMENTS: Add yours
Passenger jet manager and operator Hangar 8 is taking a 49% stake in a new Malta-based business, which has been awarded an Aircraft Operators Certificate (AOC).
Hangar 8 is not putting in any cash. That will come from two investors who will own the other 51%. Hangar 8 has an option to take its stake to 51%.
There are favourable terms for registering aircraft in Malta and it is in a good geographic position for access to Europe, Africa and the Middle East. Hangar 8 can take advantage of this by adding to the fleet it manages and providing maintenance services for these private jets.
House broker Daniel Stewart is sticking with its 2011-12 profit forecast of £1.2m.
At 115p a share, Hangar 8 is valued at £7.06m.
Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFJanuary2012_28.pdf
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