Bjets in partnership with the the Tata Group launches Asia's first fractional private jet company and signs record multi-million dollar aircraft order

Company Brief

Singapore, February 19, 2008

Bjets announced its plans to be Asia’s largest business jet operator in the region with the Tata Group as a significant investor. The company also signed the single biggest order ever in Asia for a fleet of 50 brand new jets worth over US$600 million (2, 400 crores).

Deliveries will be over a period of five years beginning in the first quarter of 2008 comprising 20 Cessna Citation CJ2+ jets and 20 Hawker 850XP and 900XP jets with options for 10 more. The first 15 new jets will be delivered by the end of 2008 setting a record-breaking milestone for BJETS. BJETS will have the biggest fleet of private jets in Asia in its very first year of operations.

To achieve its core focus of safety and service, BJETS will crew these new safe state-of-the-art high quality aircraft with only select qualified and extremely well-trained pilots.

The Briley Group is the majority shareholder in Bjets. The other significant shareholder is Indian Hotels Company Ltd., better known as the Taj luxury brand of Hotels, Resorts and Palaces, a part of the Tata Group.

The partnership comes at an opportune time, as the ASEAN-India Free Trade Agreement (FTA) is expected to be signed in May this year. Together with the boost in air links between the two dynamic regions thanks to Bjets, this will serve to boost trade opportunities and volume in the region as a whole.1

Mr. R.K. Krishna Kumar, Vice Chairman of the Tata Group, said: “Bjets will set a new standard in the way we fly and do business in Asia. The Indian Hotels Company is very proud to be an investor in this landmark venture. This will further underline the luxury experience which the Taj is known for.”

“For the first time in Asia, Bjets will combine the best of the US and European models of fractional ownership, block charter and aircraft management services and provide a new benchmark for private aviation services,” said Mr. Bala Ramamoorthy, Founder and Managing Director of Bjets and Chief Executive Officer of the Briley Group.

Mr. Mark Baier, the Chief Executive Officer of Bjets said: “Finally, India and Southeast Asia the two most dynamic regions in the world will have their own first true and dedicated private jet operator. Asian economies are expanding at a phenomenal pace and Bjets will serve the immense growing demand for safe, efficient and reliable private jet travel.”

Bjets’ flight operations will begin in May 2008. In Singapore, Bjets will operate out of Seletar airport. In India, Bjets will be headquartered in Mumbai with the entire Flight Operations Center based out of the new Hyderabad International Airport.

Bjets has handpicked the best management team and personnel in private aviation from around the world. The Chief Executive Officer, Chief Pilot, Head of Maintenance and the Head of Flight Operations of Bjets are all from global industry leaders with over 100 years of combined private aviation experience. Bjets will recruit and train over 550 new hires worldwide in the next five years, including more than 250 pilots.

For further information please contact:

Vaishnvai Corporate Communications

Uzzal Mohan

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