August 13, 2022

A Go to transfer possession of a catering business for in-flight expert services to its staff members has taken off, securing the potential of 37 employment.

Fresh-Jet Catering Ltd is a near associate to private and commercial operators which includes names such as Loganair, British Airways and TUI between other folks.

Headquartered appropriately in Dundee, Fresh new-Jet introduced in 2007 and has developed revenues to £2.7m a calendar year, operating with names which incorporate quite a few of the top rated airways.

Now its group have grow to be the latest to gain from getting portion of an employee-owned company, a progressive shift that secures the upcoming route for yrs to occur.

Staff at Fresh-Jet.
Staff members at Contemporary-Jet are established to gain from being part of an staff-owned corporation.

The group handles operations spanning ten airports across Scotland, North of England, Northern Eire and the Isle of Male, together with airside providers for major hubs at Edinburgh, Glasgow, Aberdeen, Inverness and Dundee.

Announcing the transfer, founder and Team Taking care of Director John Hume explained: “I’m pretty proud of what we have developed at Refreshing-Jet.

“We may not all be linked but we are really much a spouse and children business enterprise.

“There is no celebration improved positioned to consider Refreshing-Jet into the potential than the persons who manufactured it the success it is nowadays.

“We set our customers initially and I have each and every self-assurance that the services we are renowned for will go on. New-Jet is in safe and sound arms.”

John was identified to do a little something unique with Contemporary-Jet out of loyalty to his present-day staff – quite a few of whom have been with him for quite a few many years, like some from earlier organizations that he owned.

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John sought out a succession approach that secured the future of the business enterprise and shielded the staff members who function in the company’s other destinations, whilst making certain the ongoing success and development of the organization.

As this kind of, he has now concluded the transfer of his entire shareholding to an Employee Possession Have faith in (EOT), who will hold the shares on behalf of the staff.

Getting not long ago received new contracts for 3 big World wide airways, Fresh-Jet is forecasting an maximize in revenues of 40% – even far better than pre-pandemic amount.

John explained: “The pandemic strike us tough, as it did with all aviation corporations. 

“I was assured that we would arrive through it and created the final decision to keep our full staff.  This determination suggests we had been in a quite strong placement to bounce back again.”

Loganair is a prolonged-standing crucial purchaser of Contemporary-Jet, whose Main Operating Officer, Maurice Boyle, sees this as a terrific shift for the aviation sector.

He said: “We have normally acquired a brilliant provider from Refreshing-Jet and are delighted that this move to employee ownership puts the company into a stable and extended-time period framework.

“The simple fact that all staff now have a stake in the organization suggests that we can look ahead to functioning collectively for a prolonged time to appear.”