44 GENE WILL­SON

Essex Life - - Rich List -

Avi­a­tion, £53m

Stansted-based Ti­tan Air­ways saw its prof­its fall sharply to £4.2m on £68.2m sales in 2014-15. The com­pany is run and largely owned by Gene Will­son, a qual­i­fied pi­lot. Ti­tan char­ters planes to a range of clients. It also owns Satel­lite Travel Group. About half the com­pany’s rev­enue comes from trans­port­ing mail and freight, but Ti­tan also operates a va­ri­ety of char­ters. Re­cent pas­sen­gers have in­cluded Premier­ship and na­tional foot­ball teams, rock groups and even roy­alty. With nearly £35m net as­sets, Ti­tan is worth £50m. Will­son owns all but one spe­cial share. Past div­i­dends take him to £63m.

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