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Aerion Corporation: Great success for ExecuJet at Dubai Air Show; Princely Jets of Pakistan is first private jet company to order the Aerion Supersonic Business Jet(M2 PressWIRE Via Thomson Dialog NewsEdge) RDATE:03122007 Aerion, through its international sales partner ExecuJet, has accepted a Letter of Intent from Princely Jets (Pvt), Pakistan's first private jet charter operator, for one supersonic business jet. The agreement was signed at the recent Dubai Air Show 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 program. 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 Akbar, 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 the largest and highly respected 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 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. ExecuJet highlights strong interest Commenting on what was a truly successful Show for Aerion and ExecuJet, CEO Niall Olver confirmed the companies have interest in the SSBJ from Europe, Russia, the Middle East, Pakistan, Mexico and Egypt. "Enthusiasm from the market in this program since the orderbook opened last month has been extremely high and we are now busy following up with several interested prospects." Niall said. ExecuJet is now finalising its marketing strategy together with Aerion, which will include a series of briefings for media in key markets. London and Moscow will be first. About Aerion Corporation Aerion Corporation of Reno, Nevada is an advanced engineering group formed in 2002 to reintroduce commercial supersonic flight. Aerion continues research begun more than 15 years ago, with the current focus on the design of a practical and efficient supersonic business jet employing patented natural laminar flow technology. Aerion's board includes: Robert M. Bass, chairman of Aerion and president of investment group Keystone, Inc; Brian E. Barents, vice chairman of Aerion and former president and CEO of Galaxy Aerospace and Learjet; Dr. Richard R. Tracy, who has pioneered the supersonic natural laminar wing concept and serves as Aerion's chief technology officer; Michael L. Henderson, COO of Aerion and Boeing's former program manager for high-speed civil transport; and Robert L. Morse Jr., a principal of Oak Hill Capital Management, Inc. About ExecuJet Aviation Group Headquartered in Zurich, Switzerland, the ExecuJet Aviation Group has operations in four regions including Europe, Middle East, Africa and Australasia. Each ExecuJet office is locally focused on providing specialist tailored aviation solutions. ExecuJet manages a fleet of over 100 modern aircraft worldwide under the most stringent safety standards, strategically operated from six regional civil aviation issued air operating certificates (AOCs). ExecuJet is an aircraft sales distributor for Bombardier Business Aircraft (including the Learjet, Challenger and Global Express families) and exclusive distributors for the Grob Aerospace sp light business jet and the new 8 to 12-passenger Aerion Supersonic Business Jet outside the Americas. Other services include aircraft pre-owned sales, aircraft management, aircraft maintenance, aircraft charter, aircraft completions management and aircraft services. CONTACT: Jeff Miller, Blake-Miller Communications Tel: +1 214 468 0980 Tel: +1 817 291 2234 e-mail: [email protected] Juliane von Heimendahl, ExecuJet Aviation Group Tel: +41 44 876 56 89 Tel: +41 76 456 82 51 e-mail: [email protected] Alison Chambers, Emerald Media Tel: +44 (0)1962 736600 Tel: +44 (0)7721 882939 e-mail: [email protected] Sameer Ahmed, Princely Jets (Pvt) Ltd Tel: +92 21 566 2436 Tel: +92 300 8299 374 e-mail: [email protected] ((M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to [email protected])). Copyright 2007 M2 Communications Ltd. |