The Diamond Hangar FBO at London Stansted Airport is set to reopen under new ownership after the previous operator ceased trading at the facility some time around late April or early May. Diamond Hangar, a subsidiary of UK real estate group Greatex, confirmed that it has taken over the lease on the building but has yet to elaborate on what services it will provide at what is now Stansted’s fifth FBO.

The Diamond Hangar facility, which was formerly an airliner maintenance facility operated by SR Technics, opened as an a FBO last July under a lease held by Eighteen Aviation, which traded under the name of Aero Toy Store. Its main shareholder was Ben Shirazi, son of Morris Shirazi, founder of the U.S. aircraft sales and completions group Aero Toy Store.

In May, Uttlesford District Council, the local government body in the Stansted area, took legal action against Eighteen Aviation to recover £1.12 million ($1.71 million) in unpaid taxes. The current status of Eighteen Aviation remains unclear. Former consultant director Mike Foley told AIN that he resigned this position back in December 2012 and that his own company is among Eighteen Aviation's creditors. In official statements issued last year, Eighteen Aviation described Foley as managing director, a position he says he never held.

Aero Toy Store did not respond to AIN’s requests for comment. Also, AIN was unable to reach anyone from Eighteen Aviation.