Mumbai: Private jet and chopper operators are aiming for the sky as the rupee continues to slide against the US dollar. Making the most of the dollar’s ascendancy, several of these operators are selling charter aircraft and helicopters in the international market and laughing their way to the bank, earning handsome profits.
The move could have an impact during the upcoming elections as politicians rent choppers for campaigning.
“Many operators are selling their aircraft. It’s going to be a nightmare for political parties,” said Mandar Bharde, managing director of Mumbai-based MAB Aviation. Captain Prashant Oak, director (operations), AK Aviation, agrees. “It will definitely lead to a scarcity of charter aircraft and helicopters,” he said. The election period sees a surge in aircraft demand by more than 25 per cent.
A leading corporate group, which is also into charter aviation, sold its entire fleet of six aircraft some months ago.
03/09/13 Shahkar Abidi/Daily News & Analysis
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The move could have an impact during the upcoming elections as politicians rent choppers for campaigning.
“Many operators are selling their aircraft. It’s going to be a nightmare for political parties,” said Mandar Bharde, managing director of Mumbai-based MAB Aviation. Captain Prashant Oak, director (operations), AK Aviation, agrees. “It will definitely lead to a scarcity of charter aircraft and helicopters,” he said. The election period sees a surge in aircraft demand by more than 25 per cent.
A leading corporate group, which is also into charter aviation, sold its entire fleet of six aircraft some months ago.
03/09/13 Shahkar Abidi/Daily News & Analysis
