Hangar 8 merger talks called off

Private jet group Hangar 8 and Air Charter Service have ended merger talks, the firms announced yesterday. Hangar 8 chairman Nigel Payne said the collapse of the talks was disappointing but that his firm has an “excellent platform” to grow as a standalone company. Shares in Hangar 8 rose 4.6 per cent to 264p on their first day back on the Alternative Investment Market, following a three-week suspension while the talks with privately-owned ACS were ongoing.