GMAA.L Regulatory News (GMAA)

HANGAR 8 PLC

("Hangar8" or "the Company")

NEW MANAGEMENT AND CHARTER CONTRACT

Hangar8 become the launch operator for the Embraer Lineage 1000

Hangar 8 plc, one of Europe's largest operators of privately owned passenger jet aircraft, today announces that it has taken delivery of the first European registered Embraer Lineage 1000 private jet (the "Lineage"), the only aircraft of its type to be available for charter outside of the United Arab Emirates. The Company has entered into a contract with the third party owner of the Lineage to provide management services and permit the Company to charter the Lineage to third party customers.

The $52 million Lineage 1000, will be based at Hangar8's home base of Oxford Airport. The Lineage is the UK's longest-cabined private jet available for charter, some 118 feet in length and represents the largest aircraft ever to land at Oxford airport in the airfield's 73 year history. The Lineage is a premium charter jet configured in an executive layout, with four separate cabins containing bespoke facilities such as a large lounge area with a 52 inch movie system, wireless internet, a separate master bedroom suite with a full sized double bed and private shower facilities.

The Lineage is the biggest executive jet from Embraer of Brazil and can carry up to 19 VIP passengers. It is also one of the quietest aircraft in its class as a result of its specialised noise reduction system. As well as London Oxford, the Lineage is capable of operating from London City Airport and New York's exclusive private jet only Teterboro airport. The Lineage boasts a range of 8,149 kilometres enabling it to fly nonstop from London to Dubai; from Dubai to Johannesburg (South Africa); from New York to Moscow; or from Singapore to Sydney (Australia). Destinations such as Los Angeles and Tokyo can be reached with one fuel stop.

Dustin Dryden, Founder and Chief Executive of Hangar8 said

"Having recently been appointed as the launch operator for the Hawker 900xp and the Hawker 4000 in Europe we are thrilled to announce that Hangar8 has been appointed the launch operator for the Lineage 1000, which is the largest addition to our fleet since Hangar8 was formed. The Lineage has many unique selling points and will be a much sought after charter jet. This genre of aircraft is very popular amongst sports stars, pop stars, heads of state and royal families and takes Hangar8 to a new level in operational capability with just one fuel stop now enabling us to fly our customers almost anywhere in the world. This additional plane further augments our growing fleet and in particular sets a cornerstone in our fleet expansion plans of adding larger, longer range aircraft".

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NOTES TO EDITORS

About Hangar8:

Established in 2002, Hangar8 is one of Europe's leading operators of private jets. With worldwide capabilities, Hangar8 operates some of the newest, safest and most desirable aircraft available for those who appreciate and understand the value of provenance. With aircraft based worldwide and fleet bases at Oxford, Luton, Biggin Hill, Edinburgh, Guernsey, Jersey, Nice, Kiev, Dubai and Moscow airports, Hangar8 is not only ideally situated but has at its disposal some of the finest terminal facilities.

Hangar8's ambition is to have the right aircraft within one and a half hours of any customer wherever they are in the World, outside the Americas and Australasia. The Company plans to achieve this through organic growth and through consolidating the fragmented sector in which it operates.

Hangar8 now operates 21 private jets - a modern fleet maintained to the highest standards. Hangar8's aircraft types differ in size and range offering a complement of capabilities from short European hops to trans-continental voyages.

Hangar8's clients come from a wide variety of backgrounds including, music, sport and corporate - all of whom expect and receive the same level of exemplary service.