Tata-backed BJets set to hit

Mumbai: BJets, a business aviation company backed by the Tata group, will take to the skies in the next two months, offering fractional and block charters to corporates and individuals.
The company has received its first aircraft and is modifying it to suit Indian specifications. Three more aircraft deliveries are expected in the next two weeks. BJets’ chief executive
Mark Baier said that in the next two months, the company would operate at a low scale for “friends and family” to fix its systems. “We will be operational commercially post that,” he said.
The Tata group is a partner in BJets through its hospitality venture Indian Hotels. Tatas’ stake and the amount it invested in the company have not been disclosed. The Briley group, a privately-held company with offices in Singapore and the US, is the majority shareholder.
Though BJets will be based in Mumbai, it will operate out of the GMR Hyderabad International Airport at Shamsabad and also offer business aviation services from Singapore. Baier expects South-East Asia to contribute 30% to the company’s revenue.
It may also offer aircraft management services in India.
14/06/08 Nirmal John/Daily News & Analysis

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Categories: Indian Aviation- In General Jun 2008, New Jun 2008