Fractional jet ownership on the rise in India

Corporate fractional jet and helicopter ownership is witnessing significant growth in India, as the country’s economy continues its expansion. A spokesperson at Airnetz Aviation, a company that leases helicopters and smaller aircraft to individuals and corporate houses, said this week: “In 2006 when we entered this space, there were hardly any takers, but now of the 50 million air travellers, around three to five per cent prefer flying in a corporate jet.”
Another Indian company, Club One Air, has a client base from the energy, oil and gas and textile sectors, who have fractional ownership deals with them, flying at rates of between Rs 60,000-Rs 3,00.000 per hour.
A recent report by Ketki Mahajan, research associate, aerospace and defence practice at Frost & Sullivan, says: “India is one of the strongest markets for private jets with strong economic growth, expanding business interests and increasing number of billionaires.”
03/01/12 Fractional Life.com

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Categories: Indian Aviation- In General Jan 2012, New Jan 2012