Phoenix has revealed
its initial customers for the ‘CRJ-Phoenix’ – Bombardier CRJ200 aircraft that will
be converted into VIP-configured regional jets seating 12-19 passengers.
company says Dubai-based private equity firm Opus Capital has committed to two
CRJ-Phoenix airliner conversions, with deliverers scheduled for September and
November of next year for operation by ExecuJet
Middle East. One aircraft will fly charters out of Dubai International Business
the Dubai Air Show last week, where Project Phoenix officially launched its
conversion program, Kanyan
Capital chairman, Asia
and the Middle East Karthik
Narayan signed letters of
intent (LOIs) for the
aircraft on behalf of Opus.
LOI was inked at the show by Ritz Pacific for Asian private jet operator.
had a terrific week at the Dubai Show. There is clearly a lot of interest in
this program, especially from the buoyant Middle East market,” says Project Phoenix
president Mike Cappuccitti.
consortium made up partly of businesses run by former Bombardier executives,
Project Phoenix aims to capitalize on demand for
long-range business jets for which customers might otherwise have to wait years
in order to obtain a delivery slot.
with its Montreal, Canada-based partner Aerospace Concepts, the company pledges
to retrofit a CRJ200 - fitting long range fuel tanks if so required - within
eight months. The cost per unit “will be ballpark $17.9 million for a
baseline specification aircraft”, says Project Phoenix.