Hangar8 launches new repaint facility
The UK has the largest number of owned private jets for sale of any European country, making it a buyer’s market. However, Hangar8 advises owners looking to sell their aircraft that having it re-sprayed could increase the chances of finding a buyer whilst also increasing its sale price.”
Dustin Dryden, Chief Executive Officer of Hangar8 plc, said: “There are a number of private jets up for sale at the moment so it is a buyers’ market. Owners need to find ways of making their aircraft more attractive. The cost of a re-spray can be around 1% of the value of an aircraft, but it could increase its value by up to 10%.”
Janus Kamradt, Sales and Marketing Director, Hangar8 plc, said: “Whilst some aircraft are booked in with us for a repaint as part of their overall refurbishment, so far the majority of repaints concluded at our new facility have been for aircraft that will soon be marketed for sale.”
Hangar8’s analysis reveals that of the major European countries, Italy has the highest percentage of its private jet fleet up for sale (16.7%), followed by the UK (16.5%) and then Switzerland (15.3%).
|
Country |
Percentage of private jet
|
Number of private jets up |
|
Italy |
16.7% |
22 |
|
UK |
16.5% |
63 |
|
Switzerland |
15.3% |
33 |
|
Austria |
15.1% |
33 |
|
Russia |
14.2% |
17 |
|
France |
13.8% |
33 |
|
Europe |
14.3% |
388 |
Hangar8 specialises in a very personal, private, bespoke, service, accepting clients by referral. It is the one of largest private aircraft operators in the UK and amongst the top five in Europe. It specialises in operating mid-size and heavy aircraft.
