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Princely Jets orders first supersonic business jet

DUBAI — Princely Jets (Pvt), Pakistan’s first private jet charter operator, has become first private jet company of the country to order a supersonic business jet.

Aerion, through its international sales partner ExecuJet, has accepted a Letter of Intent from Pakistan’s private jet charter operator for the aircraft.

The agreement was signed at the recent Dubai Airshow by Ghouse Akbar, Director of the Akbar Group and Chief Executive of Princely Jets, together with Brian Barents, Vice-Chairman of Aerion and Niall Olver CEO, ExecuJet, rounding off what was a highly successful showcase for this exciting programme.

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 Akbar, confirming the order.

The Akbar Group is the largest aviation group 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 and Swiss Cargo.

On behalf of Aerion, ExecuJet is offering 40 early delivery positions to International customers for a per-aircraft launch price of $80 million in 2007.

CEO of ExecuJet Niall Olver confirmed the companies have interest in the supersonic business jet from Europe, Russia, the Middle East, Pakistan, Mexico and Egypt.