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Aerion, through its international sales partner ExecuJet, has accepted a Letter of Intent from Princely Jets,
one of Pakistan’s first private jet charter operators, for one business jet.
Currently operating a fleet of Bombardier Challenger and Cessna Citation Jets, Princely Jets is expanding its aviation services business,
with plans to establish dedicated Fixed Based Operations (FBO) and Maintenance, Repair and Overhaul (MRO) facilities at airports in major
cities across Pakistan.
“In signing this Letter of
Intent I am delighted to be one of the first customers and the first in Asia committing to this
exciting Supersonic Business Jet,” said Mr. Ghouse Akbar, Director of the Akbar Group and Chief Executive of Princely Jets, confirming the order. “The business aviation sector continues to show terrific growth in
our region. The Aerion supersonic business jet is the ultimate speed machine, an even more
time-efficient business transportation platform for which the industry has been waiting.”
The Akbar Group is
one of the largest aviation groups in Pakistan. In addition to its business aviation interests, including an
operator partner agreement with Bombardier SkyJet International, the
group provides general airline support services in its capacity as a
GSA looking after the interests of major airlines such as Singapore Airlines, JAL, Alitalia, Royal Jordanian, Thai Airways
International and Swiss Cargo.
On behalf of Aerion, ExecuJet is offering 40 early delivery positions to International customers for a per-aircraft launch price of US$80 million
in 2007 dollars.
The Aerion jet is designed to cruise at speeds up to 1.15 Mach overland without producing a boom on the ground, and at speeds up to 1.6
Mach in other areas. Over the continental U.S., where regulations require speeds below Mach 1, the aircraft can cruise efficiently just below
the speed of sound, offering economies comparable to today’s large business jets. The aircraft seats 8 to 12 passengers in stand-up comfort
and has a range in excess of 4,000 nautical miles.
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