European Business Jets Share Discussion Threads

[nigthepig] 08/8/2007 12:21

Thought this news might have generated a bit more interest.
looks quite positive to me.

[lbo] 03/8/2007 15:26

Will EBJ ever make a profit?

Jet firm sold in £10m deal

Kevin Feddy
31/ 7/2007

AN EXECUTIVE jet business based at Manchester Airport has been sold for more than £10m.

Ocean Sky Aviation has won the race to land Northern Executive Aviation in the face of competition from the US and Europe, as businesses look to cash in on the corporate jet boom.

NEA was established in 1961 and was owned for the last 28 years by a Dutch businessman, Andre Van Gils, who lives in Switzerland.

In the mid-1960s, Leeds United and former Chelsea owner Ken Bates was a director.

The company employs 60 people and turned over £9.2m in 2006. The figure is expected to reach £11m this year. It has been profitable for the past three years after posting losses in 2004.

NEA repairs and maintains private jets and operates a VIP terminal for passengers travelling on executive aircraft. Its purpose-built HQ, opened in 1998, has won awards as the top executive jet handling facility in Europe.

Following the acquisition, NEA's terminal will be rebranded as the Ocean Sky Jet Centre and its maintenance division as Ocean Sky Engineering.

Equity fund

Ocean Sky is co-owned by chief executive Kurosh Tehranchian and a Luxembourg-based private equity fund. It operates at Luton and Prestwick Airports and has offices in Moscow, Munich and Zurich.

The business was established in 2003 and employs 53 staff. It posted revenues of £12m in 2006 and expects the figure to almost double this year, even without the NEA acquisition.

Mr Tehranchian said: "The business is in Manchester and will always be there, but we can now use it as a springboard for expansion into other airports around Europe."

He said the deal would give Ocean Sky a respected repair and maintenance operation to add to its charter, brokering, hangar and terminal services.

NEA managing director Mike Foley (pictured) said: "With the resources now available to us, I can take NEA to the next level."

The private jet market is booming, partly because the number of wealthy individuals has increased dramatically, and partly because it enables people to travel by air without the hassles of using main terminals.

[piedpiper2] 29/7/2007 18:35

Looking to but 2 companies in the UK LBO. Could one be EBJ ?

[lbo] 29/7/2007 17:35

Must be soon as they were out around this time last year.

The man helping high flyers to travel in style


Ocean Sky director with his heart in the expanding private jet market

[piedpiper2] 27/7/2007 15:43

Anyone know when results are due out for this company ?

[nigthepig] 25/7/2007 19:07

Nice to see this one moving in the right direction again.
Will soon be testing recent highs again.

[lbo] 23/7/2007 11:57

Textron Profit Rises 21% on Cessna Jets; Shares Surge (Update3)



``Demand for business jets remains robust with Cessna basically sold out through 2008,'' Jeffrey Sprague, an analyst at Citigroup Inc., wrote in a report prior to the earnings release.

[lbo] 17/7/2007 14:30

Boom in £1,000 private jet flights

[lbo] 15/7/2007 21:50

The rise and rise of the private-jet break
By Martin Hickman, Consumer Affairs Correspondent
Published: 14 July 2007

[davea4] 10/7/2007 11:04

When are the results due, watchingt his and hoping to get in if some cash freed up

[davea4] 10/7/2007 11:04

When are the results due, watchingt his and hoping to get in if some cash freed up

[thereverend] 09/7/2007 20:21

let's hope so vuelands, but it's in an increasingly competitive market place up against some well backed competition. A buyout/merger just looks more likely to me.

[vuelands] 06/7/2007 16:40

Something tells me this is going to fly in the next few months

[lbo] 26/6/2007 14:51

500,000 shares bought at 2p. Is Mr Rooney back buying again?

[lbo] 22/6/2007 07:00

European Business Jets put on 0.26p to 1.95p as Paul Rooney, a customer of the aircraft timeshare operator, lifted his holding to 14.8 per cent. The group admitted this month that it had rejected "half a dozen" takeover approaches

[lbo] 21/6/2007 20:03

Uk-Analyst.com

News that major shareholder Rooney - no, not the footballer oaf, had increased his stake in jet operator European Business Jets (EBJ) helped shares in the company climb 0.255p to 1.95p. The group said that Rooney had acquired a further 2.5 million shares at 1.7p, lifting his stake in the group to 14.77%

[1smart] 21/6/2007 13:16

yes and results out soon hopefully put us in profit.this guy keeps accumulating week on week.looks like he could be the one looking to take ebj out.

[nigthepig] 21/6/2007 12:34

A little bit of movement in the right direction - it all helps.
If we have had a few takeover approaches recently, then I am pretty sure things might stay lively in the short term at least.

[lbo] 16/6/2007 13:33

The Desire for Private Jets Rises


With tighter security measures for public travel throughout the world
becoming more uniform, many business firms have shown a pronounced willingness to invest in private business jets. This change has made frequent travel for business people constantly on the go hassle free. Also, immediately mobility makes private jets able to respond to changes in the market that don't abide by regular planned flight schedules.

In 2006, 885 private business jets were sold, setting a record for the number of models delivered. The upswing is predicted to continue, with an increased growth in the European market due to catch up with demand in the United States, the current leader in private jet purchases.

Already, a jump can be seen in Europe. The number of privately owned business jets has increased from 2000 to approximately 2850 privately owned business jets, according to the European Business Aviation Association.

Economic growth and an increasingly global market is credited with
invigorating the European private business jet market. By the year 2011, Europe is predicted to be responsible for 16 percent of the world market.

Such growth means that the new century will be defined by a significantly different interest in aerospace companies that should reflect this growing market interest.

[lbo] 14/6/2007 16:45

The growth in the sector seems to be strong so not good EBJ still loss making

Private jet firm Ocean Sky soars to £1m turnover


AN AVIATION firm offering charters on private jets has gone from zero to a £1 million turnover in its first year.

[lbo] 14/6/2007 16:39

Surely this would be a perfect target for the future VLJ operators down the road if they are still around.



From The Times
June 13, 2007

Private jet travel is about to take off for friends prepared to share

[lbo] 12/6/2007 10:51

European Business Jets Rejects Takeover Approaches (Update2)


By Sabine Pirone

June 8 (Bloomberg) -- European Business Jets Plc, a U.K. company which sells part ownership in small jet airplanes, has rejected ``half a dozen'' takeover approaches.

``There is significant value to be added and to sell now would be incorrect,'' Chief Executive Officer Graeme Deary said in an interview yesterday. ``Potentially in the future if the right offer comes along we will consider it.'' He declined to identify the possible bidders.

Shares of European Business Jets have declined 58 percent since its initial public offering in London in April 2005, while the FTSE All-Share Index has advanced 24 percent. The company's stock was unchanged today at 1.7 pence, giving the jet operator a market value of 3.8 million pounds ($7.5 million).

Investors ``are hanging off until they see some more positive news,'' according to Deary. ``In terms of sales initially it took much longer than anticipated but they are now catching up.''

``The fractional ownership business is still building a critical mass outside Northern America,'' David Strauss, a New York-based aerospace and defense analyst with UBS Investment Research, said by telephone today. ``The potential for the business-jet market is large but the operators need to get a critical mass, in terms of planes and number of fractional owners, before they can become profitable.''

The London-based company's net loss for the six months ended Sept. 31 was 589,204 pounds on revenue of 3.2 million pounds. Financial results since the share sale have been ``disappointing,'' the company said Dec. 22. Dreary expects the company to post a profit this fiscal year.

``I don't see why we should not be able to achieve what our goals were originally,'' Deary said. ``Our original goal was to come into profitability in the third financial year.''

European Rivals

NetJets Europe Ltd., a unit of NetJets Inc., the business- jet fleet operator owned by Warren Buffett's Berkshire Hathaway Inc. posted a profit in 2006, the billionaire investor said March 1. Deary worked as a sales director for NetJets Europe for just over five years.

European Business Jets charges clients a fee and operates and flies jets for customers who get a ``fractional'' share of jet ownership. It owns two aircrafts and manages two planes for third parties.

European Business Jets is in talks to acquire two Cessna Citation CJ1 private jets for the fractional ownership scheme.

``We are also contemplating moving up into a larger aircraft type,'' Dreary said. ``In that case we would buy a Cessna CJ2.''

[jfinvestor] 11/6/2007 22:19

Surprised it didn't move more on this. Anyway, FY results should be out in the next few weeks. Given consistent buying by PA Rooney (who, as most followers of this thread know, is a customer), the tone of the Sunday Times article (post 517) and bucketloads of anecdotal evidence that this sector is going through an unprecendented boom I think that they will have a great story to tell on current trading.

The FY numbers will show a loss, but evidence of a smaller loss in H2, positive cash flow and a move into profitability in the coming financial year should see these shares move ahead v. nicely indeed.