8 February 2012

Private jets group to float

11/08/2006 Robert Tyerman

Air Touring Group, which supplies high-performance planes to the rich, plans to raise up to £1 million on PLUS Markets.

Lord Rotherwick, of the canny Cayzer clan, chairs Air Touring, which already has orders for six 'Javelin' two-seater military-standard jets, which retail for nearly £1.5 million each. Two Russian tycoons are among the buyers.

Based in Biggin Hill and run by entrepreneur Michael Pearce, the company has a UK and European sales licence and is understood to make comfortable margins on sales, resales, servicing and spare parts. St Helen's Capital is handling Air Touring's PLUS Markets launch and hopes it will raise between £750,000 and £1 million.

Terms will be finalised next week.

Sector: Travel & Leisure

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