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Elite Jets signs agreement with Gulfjet for the first UAE sale of the Raytheon Beechcraft King Air 350ER aircraft

4 April 2007 Dubai, UAE: A private investor has become the first UAE owner of a Raytheon Beechcraft King Air 350ER aircraft, which will be managed and operated by GulfJet, an executive flight service provider, out of Dubai International Airport. The sale was completed by Dubai-based Elite Jets, the aircraft manufacturer's exclusive distributor for the UAE.

The 9-seater Beechcraft King Air 350ER is the flagship model in the King Air range, offering the largest and most luxurious cabin, advanced avionics and enhanced fuel efficiency. The aircraft has a maximum air speed of 359mph and a maximum operating ceiling of 35,000 feet. With a range of 2300 nautical miles and 7 hrs of non-stop flying, this turbo-prop offers near-jet performance

Elite Jets Director of Aircraft Sales, Allan Stanton, comments: "The Beechcraft King Air 350ER offers near-jet performance and very high levels of comfort, combined with outstanding efficiency, which makes the aircraft very good value. Elite Jets is delighted to have completed this sale - our second aircraft sale this year - which is the first for a Beechcraft King Air in the UAE."

Paras Dhamecha Managing Director of Elite Jets adds: "We believe the aircraft will provide excellent service to the owner, operator and to its passengers. As a one-stop shop for private aviation, our aim is to make the purchase and ownership of an aircraft as simple as possible and we are now seeing the results of this approach."

GulfJet, the executive flight service provider established in Dubai in 2005, will manage and operate the King Air on behalf of the owner. Yousef Al Ghareeb, Managing Director of GulfJet, adds: "The Beechcraft King Air 350ER is a welcome addition to our fleet and is the first Beechcraft aircraft to join our existing mixed fleet of business jets. The King Air offers a new dimension to customers looking for real versatility and increased value, whilst fitting with our overall mission to offer luxurious private travel services to our VIP clientele, with all the benefits of safety, comfort, convenience and privacy. The King Air's outstanding performance and its range will allow non-stop flights to major destinations; like Cairo, Amman, Yerevan, Iraq, Tehran, Lahore and Maldives, making it the most cost-effective than any aircraft in its class."

-Ends-

About Elite Jets
Elite Jets is a luxury private jet operator based at Dubai Airport Free Zone. It was granted an Air Operator's Certificate (AOC) by the General Civil Aviation Authority (GCAA) in Dubai, in November 2004, allowing the company to operate from Dubai International Airport. The company is backed by experienced aviation industry players. Founding partners are National Airways Corporation - one of the largest general aviation companies in Africa; and the Dubai based JML Investment Group.

www.elite-jets.com

About Gulfjet
Formed in Dubai in November 2005 by Leader Capital and Al Mulla Business Group, Gulfjet operates a mixed fleet of business aircraft (Raytheon Hawker 800XP, Bombardier Challenger 604, Cessna Citation Sovereign and Cessna XLS) out of Dubai International Airport. The company offers aircraft charter, management and air ambulatory services.

Issued on behalf of Elite Jets by WPR.

Media enquiries:
Jonathan Walsh
WPR
Tel: +971 50 4588610
Email: jon@wprme.com

© Press Release 2007

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