Date:21/11/2007 URL: http://www.thehindu.com/2007/11/21/stories/2007112154960600.htm

Karnataka - Bangalore

Confident Group places orders for five aircraft

Staff Reporter

BANGALORE: Confident Group, a city-based conglomerate, placed firm orders for five aircraft and one helicopter in different categories at the just-concluded Dubai Air Show 2007. This purchase bag, which includes three jets, two piston aircraft and a helicopter, makes the group the largest buyer from the Indian chartered airlines industry. The total purchase value was over 72 million dirhams.

Diversifying into the chartered space, the Confident Group plans to promote the concept of fractional ownership of aircraft and helicopters in India. “The group is creating unique opportunities for high net worth individuals and large organisations to own personal jets and helicopters,” said a company press release.

The Confident Group has interests in real estate, hotels and resorts, aviation and entertainment.

The group, incidentally, is at an advanced stage of implementing 10 hotel and resort projects in Bangalore.

It has a land bank of over 1,000 acres in Bangalore, Kochi, Thiruvananthapuram and Dubai.