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31 Mar 2014 07:00
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 | +44 (0) 1865 372215 | |
Dustin Dryden, Chief Executive Officer | ||
Kevin Callan, Chief Financial Officer | ||
Citigate Dewe Rogerson | + 44 (0) 20 7638 9571 | |
Chris Jarvis, Associate Director | +44 (0) 7720 084307 | |
chris.jarvis@citigatedr.co.uk | ||
Jonathan Smith, Director | +44 (0)7595 106 280 | |
jonathan.smith@citigatedr.co.uk | ||
Cantor Fitzgerald Europe | +44 (0) 20 7894 7000 | |
Mark Percy / Catherine Leftley (Corporate Finance) | ||
David Banks / Paul Jewell (Corporate Broking) |
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