Private jet market soars in India

New Delhi: Even as Indian commercial carriers are facing a tough time sustaining operations, aircraft manufacturers feel the demand for private jets in the country is set to soar with economic growth and a rising number of high net-worth individuals.
“Strong gross domestic product (GDP) growth, along with corporate profits and market capitalizations, is driving corporate wealth. These are strong indicators of a strong market for business aircraft in India,” said Nilesh Pattanayak, managing director, South Asia, Bombardier Business Aircraft of Canada.
The growth in the business aircraft sector is driven by Indian corporates who utilise the executive jets to help them ferry between cities and remote locations faster on a comfortable mode.
“As Indian companies increasingly compete on the global market, with customers around the world, demand for time-saving tools such as business jets will continue as key executives try to make the most out of their work days,” Pattanayak told IANS as the country completed a year of celebrations commemorating 100 years of aviation.
19/02/12 nvo news

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Categories: Indian Aviation- In General Feb 2012