Hangar8, the UK-listed global aviation aircraft management, charter and leasing company, has added a Bombardier Global 5000 Vision business jet to its fleet to help meet the growing demand for longer-range trips.
The company, which now manages 50 business aircraft, says that in part this is being fuelled by the increase in the number of ultra-high net worth individuals living in London as well as an increase in demand from its large corporate clients in the mining, commodity trading and oil and gas industry.
Some 70 per cent of London’s 10 million-plus homes sold between January 2012 and April 2013 went to overseas buyers, with Russians making up 21 per cent of purchases. In the three months to June 2013, sales of London super prime property was up over 50 per cent when compared to the same period last year. London is now home to more multi-millionaires than any other city in the world.
Although the new business jet will service Hangar8s clients around the world, the aircraft will be based in London Stansted Airport to primarily service those living in London. Hangar8 believes that this aircraft gives it a strong competitive advantage due to the fact that there are very few Global 5000s available to charter in Europe.
Hangar8s long-range business flight activity has now doubled in the period between June 2012 and June this year.
Dustin Dryden, chief executive officer of Hangar8, says: “Over the last year, we have doubled the number of Bombardier Global Ultra Long Range business aircraft in our fleet, taking it to six today. Demand for business aviation is definitely increasing, and the diversity of our aircraft enables us to meet all demands here.
“For example, we now have eleven large jets that can fly over 9,000km without the need for refuelling. That’s the equivalent from London to most of America, or to anywhere in Europe, the Middle East or India, for example. We are extremely excited about the addition of this new Generation Global express aircraft and the demand from the charter market has been excellent.”
New analysis from Hangar8 reveals that for the whole of 2012, ten large jets were delivered to the UK, but the latest figures show that there have already been nine deliveries so far this year. Last year, 14.7 per cent of all large jet deliveries into Europe were into the UK, and the corresponding figure for 2013 so far is 16.7 per cent.