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Jetfleet and Europcar Ink Master Franchise Agreement for India
Delhi, September 27, 2006: Jetfleet Private Limited, a Jetair promoted entity, today inked an agreement with Europe's leading car rental firm Europcar, to provide a unique personal mobility solution targeted at the Indian and expatriate corporate and leisure travel business in India.
Jetfleet has entered into an exclusive tie-up with Europcar to provide exclusively tailored personal mobility solutions that respond to specific market needs. Jetfleet has been set up to provide travellers a comprehensive range of Europcar's facilities in key metros and tourist destinations throughout India. Customers will also be able to avail of Europcar's global network, expertise and a frequent flyer program akin to those run by Airlines.
Jetfleet will commence operations in the capital New Delhi on 3rd October, 2006 followed by Bangalore in early November and Mumbai by early December. Kolkatta, Hyderabad, Chenai, Agra, Jaipur and Pune will be added to the network in 2007 followed by Goa, Ahmedabad and Chandigarh in 2008.
Jetfleet plans to equip every vehicle in its fleet with a state-of-the-art advanced GPS system. Other value-add services will include a first aid kit, a mini-fridge, laptop and mobile phone chargers, wet tissues, newspapers and magazines.
The fleet will include newer models of a range of brands as per market needs, which will be replaced frequently to minimize downtime, optimize comfort levels and ensure safety of customers.
Commenting on the partnership with Jetfleet, Mr. Douglas Hunt, CEO, Europcar, Asia Pacific said, "Partnering with Jetfleet aligns Europcar with a leading and dynamic player in India and reinforces our existing network within the Asia-Pacific region. Furthermore, besides the obvious synergies to both the partners, this partnership should also provide the corporate travellers in India with a truly international personalised mobility solution"
Mr. Mahiyar M. Sadri, Director, Jetfleet said, "The India master franchise agreement with Europcar, the leading European car rental company, is truly path-breaking for us. We hope to corner 25% of the corporate mobility solutions market in India within the first three years of operations. We look forward to working closely with Europcar to develop the Indian market and give travellers a truly global experience."
About Europcar:
A subsidiary of the French investment company Eurazeo, Europcar is the leading European car rental firm. The Europcar network includes more than 2,900 rental agencies in over 147 countries. In 2005 with an average fleet of more than 220,000 rental cars and vans and with close to seven million hire contracts, Europcar had revenues of EUR1.28 billion, up nine per cent versus 2004. The Group has 5,200 employees.
The foundation for Europcar's evolution is based on partnerships with airlines, railway operators, hotel groups, automobile clubs and roadside assistance services. Europcar thus integrates the business of renting cars within a consistent, global mobility concept.
About Jetfleet Pvt Ltd.:
Jetfleet has been promoted to exploit the rapid expansion of the personalized mobility concept in India. Jetfleet expects to count among its valued clients the chauffeured corporate visitor, the domestic or international tourist, as well as the increasing number of Indian corporates and expatriates who would like to opt for a reliable self-drive experience. Jetfleet is headquartered at 221, Okhla Industrial Estate and is headed by Country Manager Gautam Nath.