How to buy a private jet in India

The Indian private jet industry, with 130 private planes currently in operation, is the latest playground for the country’s wealthiest.
Around a billion dollars worth of new private aircraft are expected to enter India over the next 12 months -- 157 of them at last count, according to the ministry of civil aviation data.
“The surge will take India from 18th globally (in terms of private jet numbers) to fourth. Intriguingly, the country boasts almost double (111) the amount of private jets than China, even though China has many more billionaires,” writes William Stolerman at Luxury Insider, Asia’s leading online luxury magazine. “Leading the private aviation revolution are the likes of the Ambani brothers, the Tatas, the Ruias’ Essar Group, TVS, KP Singh’s DLF, Gautam Thapar, the Jindals and Cyrus Poonawala.”
We meet Gulfstream, North American manufacturers of some of the world’s most technologically advanced business-jet aircrafts, on their recent visit to Mumbai. We imagine they know their game, since the United States accounts for over 50 percent of the global market at the moment and they have a 200-order backlog for the G650, Gulfstream's new flagship aircraft.
In their briefcases they’re carrying information on eight models for sale in India.
They begin with the mid-size, wide-cabin, high-speed Gulfstream G150, at approximately Rs 71 crore, and go all the way to the ultra-large-cabin, ultra-long-range Gulfstream G650 -- the fastest, longest-range and largest purpose-built private aircraft in the world available in India by 2012. Base price tag? Rs 298 crore.
Big deal. Those are digits Shah Rukh can generate in two films. Reliance Big Pictures is rumored to have bought the rights to SRK's “Don 2” for Rs 125 crore, and there’s talk that Eros International is buying Khan’s home-production “Ra.One” for Rs 175 crore. Add that together.
Rs 300 crore is also about the amount telecaster Doordarshan will earn from ad sales in the 12 days of the Commonwealth Games telecast next week.
30/09/10 Alisha Patel/CNN Go

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Categories: Indian Aviation- In General Sep 2010