New airshow reflects growing market in India

India - with its growing aviation market- is offering a new venue for the display and sale of aircraft. India Aviation 2008 is planned for four days beginning Oct. 18 at India's new international airport in Hyderabad. India is becoming an important market for Wichita planemakers Bombardier Aerospace, Cessna Aircraft and Hawker Beechcraft.
"India's emerged as a very promising market," Bombardier Aerospace spokesman Leo Knaapen said Wednesday. He said Bombardier is planning to exhibit at the new show.
Hawker Beechcraft spokeswoman Jackie Berger said the company is checking into the new show. "We're very interested in the Indian market," Berger said. "We've been doing business with India for over 50 years."
Cessna Aircraft has received information about the show but has not yet made a decision whether to attend, said spokesman Doug Oliver. The potential in India is excellent, Oliver said. The Indian government has made changes to improve the climate for corporate aircraft.
One significant change was reducing luxury taxes levied on business aircraft, which had been significant.Civil aviation is on the rise, and the government is restructuring and modernizing some of its airports. The Indian government predicts a market for 500 general aviation aircraft by 2020. By 2020, domestic air traffic is expected to grow to 180 million passengers and international traffic is expected to grow to 50 million passengers.
03/01/08 Molly McMillin/The Wichita Eagle/Kansas.com, US

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Categories: Foreign Jan 2008, India Aviation 2008 Airshow