The government and the public’s misconception of business aviation being a preserve of the rich and an ideogram of luxury is ill- founded. This misconception has also been responsible for the current woes of the business aviation industry as its rightful and just demands are often ignored.
It is indeed ironic that an industry where a Rs100 spend can result in Rs325 worth of total benefits for the country, or where 100 direct jobs in aviation can result in 610 jobs overall, according to the draft civil aviation policy 2014-15, is today facing negative growth.
The business aviation sector is faced with regulatory and taxation hurdles to such an extent that operators are either opting to close down or get their aircraft registered outside India. This is a loss to the economy as a whole. Economically viable skilled labour and its favourable geographical location put India in an advantageous position to become an aviation maintenance hub for itself and neighbouring countries.
29/06/15 Sanjay Julka/Business Line
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It is indeed ironic that an industry where a Rs100 spend can result in Rs325 worth of total benefits for the country, or where 100 direct jobs in aviation can result in 610 jobs overall, according to the draft civil aviation policy 2014-15, is today facing negative growth.
The business aviation sector is faced with regulatory and taxation hurdles to such an extent that operators are either opting to close down or get their aircraft registered outside India. This is a loss to the economy as a whole. Economically viable skilled labour and its favourable geographical location put India in an advantageous position to become an aviation maintenance hub for itself and neighbouring countries.
29/06/15 Sanjay Julka/Business Line
