Mumbai city tycoon now a High Flier

Mumbai: The economic slowdown is surely over for India Inc with one of the world's most luxuri-ous super-midsize business jets flying into Mumbai for construction tycoon Ajit Gulabchand.
The chairman and MD of Hindustan Construction Company (HCC) has acquired a Hawker 4000.
The Hawker 400 is made by Beechcraft, which has its headquarters in Kansas, USA.
Priced at $22.2 million (about Rs 103 crore), Gulabchand's dream plane is now parked at the old airport area in Mumbai.
It was ordered by HCC in early 2008 when the construction business was not impacted by the economic slowdown.
Incidentally, most people who book this jet go through with the deal as they pay five per cent as a booking amount. This amount is not returned on cancelling the order.
InterGlobe General Aviation delivered the flying marvel to HCC in late September, following checks and clearances from the Director General of Civil Aviation.
This Hawker 4000 is the first of three planes to be delivered in the coming months, and suggests that the economic slowdown is a thing of the past.
10/10/09 Aditya Anand/MiD DAY

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Categories: Indian Aviation- In General Oct 2009