Bombardier bets big on Indian skies

India's commercial airlines are in the doldrums and the king of good times on the mat, but if there is one segment in this aviation space that is looking up - it is the private jet space. The worlds third largest private jet maker Bombardier is bullish on India's prospects and feels that Indian billionaires will continue to spend on the good things in life, reports Nayantara Rai of CNBC-TV18.

The Global 6000, is Bombardier's newest business jet. And its trappings are the very best look around and get a feel of a plane that comes with a price tag of USD 62 million. The Montreal-based firm feels that India is just the right market for this expensive ride.

Nilesh Pattanayak, managing director - South Asia, Bombardier Business Aircrafts, says that there are currently 90-100 Bombardier business jets in India, which accounts for 30-40% of the market share.
06/07/12 CNBC-TV18/moneycontrol.com

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Categories: Foreign Jul 2012, Indian Aviation- In General Jul 2012