Emivest Aerospace SJ30 Business Jet Sets New World Speed Record from London to Dubai

DUBAI, United Arab Emirates--(BUSINESS WIRE)--Emivest Aerospace Corporation, manufacturer of the world record-breaking SJ30 light business jet, which is displayed at the Middle East Business Aviation (MEBA) 2008, is being showcased at the Action Aviation pavilion, distributor of the SJ30. Action Aviation’s own SJ30 S/N ‘007’ took a new world speed record by flying seven hours and seven minutes from London to Dubai on 10th November including a 41-minute refuelling stop in Istanbul.

The flight, captained by Action Aviation’s Chairman Hamish Harding and co-pilot Emivest Aerospace’s Bryan Dennison, covered a great circle distance of 3470 statute miles route (5600 km) giving an average speed of 488 mph (786 km/h). This London-Dubai record is currently the fastest time recorded for any aircraft below 20,000 lbs, as officially certified by the National Aeronautical Association.

“As the world’s fastest light business jet, the SJ30 is completely built for speed using innovative concepts in wing design ensuring it is aerodynamic and has the ability to cancel out gusts of wind. Since its first introduction, the SJ30 has been making world speed record flights including its record-breaking journey from Texas, USA to Dubai last year for the Dubai Airshow,” said EMIVEST Chairman, Buti Saeed Al Ghandi.

“The Middle East is now the world’s fastest expanding market for private jets with industry experts forecasting it will account for $720 million of the private jet market this year making the region a strong territory for the SJ30. Emivest Aerospace is looking forward to embracing these opportunities that lie ahead by bringing the SJ30 to market in large scale production,” he added.

“With the high-speed cruise of 486 kts and a range of 2,500 nautical miles, the SJ30 jet has truly exceptional performance for a light jet. Breaking records has become almost a habit with the SJ30. Last year, we flew our SJ30 aircraft a world record distance in a 24 hour period of 7810 nautical miles (14,500 kms) straight from San Antonio, Texas to Dubai, for the Dubai Air Show. In July 2006, we flew another SJ30 straight across the Atlantic in one hop, creating a new speed record for its weight class” said Action Aviation Chairman, Hamish Harding.

The SJ30 can be viewed at the Action Aviation pavilion (Outside Pavilion OD5) at MEBA 2008, from 16-18 November, at the Dubai Airport Expo.

“Emivest Aerospace is capitalising on business jet demands not only in the Middle East but also in emerging markets in Asia. Despite the recent global crunch, these demands are surprisingly increasing in some parts of the world, particularly in China, which is expected to have double-digit growth for the coming years. These Chinese businessmen’s rising need for business jets will facilitate some offset against the anticipated decline of western requirements for business jets,” said Anthony Power, CEO, Emivest Aerospace Corporation.

“MEBA is the perfect platform for the SJ30 as this is an event for companies and individuals involved in the chartering, purchasing, operating, etc of business and VIP jets for private or corporate use. Emivest Aerospace’s partnership with Action Aviation hopes to meet the increasing demand for business jets in the region and others as well,” Power concluded.

Emivest Aerospace Corporation, EMIVEST’s new subsidiary, delivers to the market a totally new concept business jet in the form of the SJ30.

About the SJ30

The world’s fastest, longest range and highest flying light jet, the SJ30 is the first light jet to retain a sea level cabin pressure up to 41,000 feet and reach a top flying height of 49,000 feet. The SJ30 business jet is a high performance, single pilot-certified twinjet aircraft with a range of 2,500 nautical miles and the highest cruise speed in the light jet industry of Mach .83 (486 kts). Additional information, updates, photos and specifications are available at www.emivestaerospace.com.

About Emivest Aerospace

Emivest Aerospace, formerly Sino Swearingen Aircraft Company (SSAC), is a U.S.-based aircraft manufacturing company. Headquartered at the San Antonio International Airport (KSAT), the company currently employs approximately 300 staff at its facilities in San Antonio, Texas and Martinsburg, West Virginia. It is a subsidiary of Emirates Investment & Development PSC (Emivest). For more information about Emivest Aerospace, visit www.emivestaerospace.com.

About Emirates Investment & Development PSC

Established in 1997 to capitalise on the phenomenal growth of Dubai, Emirates Investment & Development Company PSC (Emivest) is a diversified multi-disciplinary, private shareholding equity investment company that actively targets new investment sectors to apply its unique business model.

Working on the basic tenet of ‘Promoting Growth and Partnership Success’, Emivest has built an enviable track record over the last decade which has seen it mature into one of the foremost investment companies of its kind. Emivest invests in the manufacturing, financial, service, aviation, telecom, construction, real estate, food and beverage.

About Action Aviation

Action Aviation is the distributor of the Emivest Aerospace SJ30 high performance business jet in the Middle East. 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 has SJ30 product experts based in the Middle East region. For more information, see: www.actionaviation.com.