New Delhi: Scheduled foreign carriers aren’t the only ones making a beeline to enter India. Foreign non-scheduled operators, too, are considering tapping the latent traffic potential in the country. The latest in the fray is Zurich-based business jet operator VistaJet Holding SA, which has initiated talks with the Indian government to start operations in the country.
Thomas Flohr, founder and chairman, VistaJet, said, “VistaJet will continue to increase international flights to and from India, as there is strong demand for these services. Once the company gains critical mass, we will move forward with offering domestic flight services within India, as was the case with Russia, Nigeria and China, where VistaJet has opened an office in Beijing. VistaJet is already engaged in discussions with the Indian government regarding the process to establish operations within the country.”
“Discussions (are on) on several levels regarding a local presence in India,” Flohr said, declining to share any details of the investment the company would need to commence general aviation services within India and the specifics of negotiations with local partners. According to Indian foreign direct investment norms, a foreign non-scheduled operator has to form a 74:26 partnership with a domestic partner to launch operations in India.
21/11/13 Sharmistha Mukherjee/Business Standard
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Thomas Flohr, founder and chairman, VistaJet, said, “VistaJet will continue to increase international flights to and from India, as there is strong demand for these services. Once the company gains critical mass, we will move forward with offering domestic flight services within India, as was the case with Russia, Nigeria and China, where VistaJet has opened an office in Beijing. VistaJet is already engaged in discussions with the Indian government regarding the process to establish operations within the country.”
“Discussions (are on) on several levels regarding a local presence in India,” Flohr said, declining to share any details of the investment the company would need to commence general aviation services within India and the specifics of negotiations with local partners. According to Indian foreign direct investment norms, a foreign non-scheduled operator has to form a 74:26 partnership with a domestic partner to launch operations in India.
21/11/13 Sharmistha Mukherjee/Business Standard
