BJETS, a new private jet operator in Asia, announced plans to buy a fleet of 40 Cessna and Hawker jets to provide aviation services to corporations and high net-worth individuals in Asia.

Deliveries will take place over a period of five years, and BJETS has options for 10 more Hawker jets, bringing the company’s total investments to over US$600 million.

The company plans to begin operations in May 2008, operating out of Singapore’s Selatar Airport, and India’s new Hyderabad International Airport. BJETS expects to take delivery of 15 jets by the end of 2008.

In an interview with the Straits Times at the Singapore Airshow, BJETS’ chief executive officer Mark Baier, says the company hopes to tap into the Asian market for business jet travel, which it believes, shows tremendous growth potential.

The company says it will announce details on flight packages and pricing closer to launch date but Straits Times reports that these services will cost at least 20 times more than a return trip on first class.

BJETS is partially owned by India’s Tata Group, with the Briley Group and the Taj luxury brand of Hotels, Resorts and Palaces, as major shareholders.

www.bjets.com