Capital infusion by Emivest of Dubai to accelerate factory production programme
The Swearingen SJ30 light business jet, which figures amongst the most advanced aircraft designs of today, is appearing at the Farnborough Air Show for the first time since announcing a major new investment in the SJ30 production facilities in the USA. In June 2008, Emirates Investment & Development (Emivest) of Dubai, UAE completed the acquisition of an 80 percent stake from the Taiwanese government in San Antonio-based Sino Swearingen Aircraft (SSAC). Under the terms of the acquisition, Emivest are providing the investment required to restart and accelerate production of the SJ30.
Action Aviation, who distributes the Swearingen SJ30 business jet in 66 countries, is displaying its own recently delivered SJ30 production aircraft on static display at Farnborough. The aircraft flew into Farnborough directly from Dubai, with one refuel in Istanbul. The SJ30 is the only light jet in the world that can do this trip with only one refuel whatever the headwinds.
The SJ30, the fastest and longest range light jet in the world, has established several records for its performance and capability. In July 2006, one of the preproduction prototypes was the first light jet in its class to cross the Atlantic in one hop on standard fuel tanks, creating a new speed record as it did so. Crewed by Sino Swearingen's chief test pilot John Siemens and Hamish Harding, chairman of Action Aviation, the SJ30 flew from San Antonio Texas to Goose Bay, Canada and then from Goose Bay directly to Farnborough. In November 2007, Hamish Harding flew one of the production Swearingen SJ30s straight from San Antonio, Texas to Dubai, a journey of 7810 nautical miles (14,500 km), marking records for flying time (16 hours, 24 minutes) and distance for any aircraft under 20,000 lbs weight in a 24 hour period.
As Harding puts it, "I see a great future ahead for the SJ30. This recent investment from Dubai will allow Sino Swearingen to fully ramp up production and meet the demand that has been waiting in the market. The SJ30 jet possesses class-beating design and represents great value for money at its $7.5 million price tag for a 2500 nautical mile (with NBAA reserves) and 486 knot aircraft".
He added, "This amazing jet will fly anywhere to anywhere in Europe, and coast to coast in the US. In addition, the SJ30's remarkable 'sea level cabin' all the way up to 41,000 ft minimizes fatigue for passengers and crew on long journeys, and the 49,000 ft ceiling allows the aircraft to get above weather and headwinds".
-Ends-
Founded by Chairman Hamish Harding, Action Aviation is a prominent international aviation company concentrating on the exclusive marketing of innovative high-performance business jets and helicopters. Action Aviation is the exclusive distributor of the Sino Swearingen SJ30 long range business jet in 66 countries, including all of the Middle East, and has ordered 159 delivery positions. Action Aviation has product experts based throughout its distribution territories, resulting in responsive and dedicated product teams.
For more information, please see: www.actionaviation.com
For further media information, contact:
Mike Creed
Managing Director
Tel: +44 1582 482 919
Mob: +44 7901 637500
mcreed@actionaviation.com
Arun Raja
Marketing Director
Tel: +91 80 41330900
Mob: +91 98450 68784
araja@actionaviation.com
© Press Release 2008
