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Tue, Oct 07, 2008

Hawker Beech Receives Order For 10 Hawker 400XPs From ISIS Group

Initial Order To Help Launch Indian Investment Venture

Hawker Beechcraft Corporation (HBC) announced an order Monday from UK-based property developer and investment company ISIS Group for 10 Hawker 400XPs. The total value of the contract with options is in excess of $70 million.

The official signing took place at the 2008 National Business Aviation Association (NBAA) Annual Meeting and Convention in Orlando, FL.

The order marks ISIS Group's initial aircraft purchase for their new investment in the growing Indian aviation industry -- Aviators India Pvt Limited, based in Bangalore, India.

Headed by Managing Director Arun Sharma, Aviators India has been in business for 14 years with wide experience in charter operations and marketing of aviation products and services. The company is scheduled to commence charter services for ISIS Group in the second half of 2009. Delivery dates for five of the Hawker 400XPs are planned during 2009, with the remaining five aircraft to be delivered in 2010.

"We're thrilled that ISIS chose the Hawker 400XP as the aircraft to launch their charter jet service. This order highlights the growing demand in India for private aircraft and further cements Hawker Beechcraft as the superior choice for business travel in the region," said Brad Hatt, president, Commercial Sales at Hawker Beechcraft. "With strong existing turbine sales and the surge of orders we've experienced in India this year, we are poised to continue to grow our aviation leadership position in the region."

ISIS Group's Hawker aircraft will be operated on lease by Aviators India. The company's entire operations will be supported by InterGlobe General Aviation's Hawker Beechcraft Authorized Service Center in Delhi, which opened earlier this year to provide superior maintenance and support in the region.

"We chose the Hawker 400XP for our Indian operation for its capability, performance and reliability," said ISIS Group Managing Director Sanjay Kantaria. "Aviators' presence in India is well known and we feel that due to their business philosophy and capability to operate the charter service, this will be a good combination. We have received outstanding support from Hawker Beechcraft and InterGlobe General Aviation and we look forward to working closely with both companies."

FMI: www.hawkerbeechcraft.com

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