Directorate Change

RNS Number : 5032D

Hangar 8 Plc

31 March 2014

 



Hangar 8 plc ("Hangar8" or "the Company")

Board change

Hangar 8, one of Europe's largest operators of privately owned passenger jet aircraft, announces that Murray Law is to stand down as a director of the Company with immediate effect to provide him with sufficient time to pursue his international interests in New Zealand and the United States.  Mr Law joined the board on the successful acquisition by Hangar 8 of International Jet Club ("IJC"), which Mr Law founded, in December 2012.

Nigel Payne, Hangar 8's chairman, commented "Murray has been a great asset to Hangar 8 and thanks to his substantial endeavours since we acquired IJC, the integration of the two businesseshas exceeded our expectations and has been a significant element in the step change in Hangar 8.  Now that this process is complete, we fully understand Murray's desire to now focus on his other personal interests and we wish him every success with these ventures.  We are delighted that Murray will continue to be retained by Hangar 8 on a consultancy basis."

Murray Law commented "my enthusiasm for the aviation industry and the opportunities available to Hangar 8 within it are well known, and therefore my decision to stand down has not been without much thought.  As I now seek to develop my personal interests in other areas, I leave the business in exceptional hands and with an exciting future and I look forward to continuing to help develop the business on a consulting basis."

Enquiries:

Hangar 8 plc		[phone]
Dustin Dryden, Chief Executive Officer
Kevin Callan, Chief Financial Officer
Citigate Dewe Rogerson		+ 44 (0) 20 7638 9571
Chris Jarvis, Associate Director		[phone]
[e-mail]
Jonathan Smith, Director		[phone]
[e-mail]
Cantor Fitzgerald Europe		[phone]
Mark Percy / Catherine Leftley (Corporate Finance)
David Banks / Paul Jewell (Corporate Broking)

 

END

 

 

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