Hangar8 sees its profits soar

Private plane hire firm Hangar8 yesterday posted a 39.9 per cent jump in pre-tax profits to £649,000 for the final six months of 2012. The firm, which bought International Jet Club Limited in November to take its total fleet to 46, saw revenues rise 19.4 per cent to £11.1m. Chairman Nigel Payne said the firm’s focus turns to scaling up the business.