Club One Air plans to acquire Boeing 737

The aircraft will have 25 seat-cum-bed with a conference hall and a presidential suite.

Here is some good news for corporate czars looking for their board meeting in the sky.

Now, Delhi-based aircraft fractional ownership company Club One Air is planning to acquire Boeing 737 aircraft for using it as super luxury corporate airliner for non-scheduled operations.

This aircraft will have 25 seat-cum-bed with a conference hall and a presidential suite. Manav Signh, chief promoter and Managing Director of Club One Air, confirmed that the company is planning to acquire a VVIP long range private corporate jet.

"We are in talks with our fractional owners for acquiring this special aircraft. We will take a decision with 3 months," Singh said.

Singh said: "Normally, we acquire an aircraft and then fractional owners come into scene for owning one-eighth of the ownership of aircraft. But in this case, we will take the opinion of fractional owners before acquiring special private jet."

He added that the company is also exploring Airbus A320 aircraft for the same purpose. According to sources, the lease cost of a long range private jet would cost $150,000 per month.

The aircraft will have 2 bars and flat screen television with satellite telephone facilities.

"The aircraft could be used for flying to non-stop destinations like Mumbai-London. There is no restriction as the company is a non-scheduled operator in the country," industry analysts said.

They pointed out that the demand is rising for special corporate jet with more space which can be deployed for business visits, corporate roadshows, group holidaying and confidential group meetings. Club One Air has also plans to set up their operations in overseas also.

"The company will be looking at establishing operations in Middle East countries by end of 2007," Manav added.

Club One Air's fleet currently comprises 9 aircraft including 5 executive business jets of the Citation Excel and Citation 2 series aircraft and 2 brand new Augusta helicopters, a Turboprop King Air 200 and Eurocopter EC 130.

Meanwhile, the company started its Mumbai operations on Tuesday.