IndiGo to enter terminal biz

New Delhi: India's largest low cost airline, IndiGo, is all set to enter the airport terminal business. The LCC's parent company InterGlobe has tied up with UK-based BBA Aviation, one of the world's largest general aviation terminal operators, to build similar facility at metro airports in India. It has already bid for building a "fixed-base operator (FBO)" terminal for private plane users in Delhi.
The company has reasons to be bullish on general aviation space. It is the sole sales and service agent for the US private aircraft giant Hawker Beechcraft in Saarc region. "In the past there months, we have sold as many top line Hawker 4000 that has a list price of $22.5 million (about Rs 110 crore) apiece. We are on the verge of finalising two more deals for this top-end plane," said InterGlobe General Aviation CEO Nigel A Harwood.
While the names of clients are not disclosed, it is learnt the three companies that have placed order for the Rs 110-crore Hawker 4000 are giants in the fields of construction and communication. Harwood said they have made a list of 10,000 high net worth individuals who are in touch with the company for the Hawker Beechcraft planes that come in the range of $1-22.5 million.
"In this recession, we are witnessing strong demand for private planes in India and China. A country of India's size and economic prowess has only 250 private planes while the US has 4,000. Our target is to sell one aircraft a month," he said. Hawker accounts for nearly 60% of the private planes here and the other big players are Dassault Falcon, Bombardier and Cessna.
12/06/09 Saurabh Sinha/Times of India

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Categories: Airports Jun 2009, Foreign Jun 2009, Indigo Airlines Jun 2009, New Jun 2009