Firms fly to chartered airline business

New Delhi: Sometime in the second half of this year, Vijay Mallya-controlled Kingfisher Airlines will start operating chartered flights with two helicopters in and around Mumbai. Later, it will also press into service a handful of very light jets.
But the skies could be chock-a-block with chartered flights by the time it begins operations. The business of chartered aircraft has caught the fancy of not just Indian carriers but other well-heeled business groups as well.
Big names in the fray include BJets, GMR, Videocon, Reliance Industries, Invision and SpiceJet.
According to aviation experts, there are clear signals that the market for chartered aircraft is expanding rapidly.
The market for general aviation is estimated at Rs 320 crore and is projected to grow 25 per cent a year over the next three years.
08/04/08 Anirban Chowdhury/Business Standard

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Categories: Indian Aviation- In General Apr 2008, New Apr 2008