Business jets and chartered flights have been an unlikely victim of the recent corruption scandals involving India Inc.
Businesses' reluctance to splurge and show off has taken a heavy toll on general aviation, which includes aircraft not flown by the government or private airline companies (called scheduled operators) or the military.
According to figures from the Airports Authority of India (AAI), the growth of general aviation in terms of movements went into the red in the first quarter of this financial year.
The sector saw a fall of 12.9 per cent in April-June this year, compared to a growth of 36.6 per cent during the same period last year.
05/09/11 Business Standard/Rediff Business
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