Invision books 20 biz jets for $69.4 mn

Invision books 20 biz jets for $69.4 mn
PTI
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First Published: Wed, Nov 14 2007. 11 53 PM IST
Updated: Wed, Nov 14 2007. 11 53 PM IST
Dubai: India’s Invision Projects Pvt. Ltd has ordered 20 executive jets from Brazilian aircraft maker Embraer in a deal worth $69.4 million (Rs272.74 crore).
The order for 18 Phenom 100 and two Phenom 300 jets was announced at the 2007 Dubai Air Show. Deliveries of the jets are to begin from August 2010.
This is the largest business jet fleet order in India to date, an Invision press release said.
Vinit Phatak, managing director of Invision, said: “Our priority was to find an aircraft that safely performs under Indian weather conditions, is luxurious enough to cater to high networth individuals and top corporate executives, and is designed and built according to airline standards for very high utilization.
“We were also looking for a well-established manufacturer that is flexible enough to incorporate extra safety equipment required by India’s Directorate General of Civil Aviation,” he added.
“For us, Embraer proved to be not only one of the world’s largest aircraft manufacturers, but also a company willing to take the special steps required to cater to the Indian subcontinent, an area considered to soon be one of the largest markets in the world,” Phatak said.
Embraer’s executive vice- president, executive jets, Luis Carlos Affonso, said: “We are honoured to participate in the start-up of Invision’s branded charter and air taxi operations.”
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First Published: Wed, Nov 14 2007. 11 53 PM IST