Wednesday, December 07, 2016

Business Aviation growth slows down substantially

The growth in business aviation in the country has slowed down substantially, a report released by the Business Aircraft Operators Association (BAOA) – an association of private jet operators – has said.

“Business Aviation in India continues to remain much below its potential. In sharp contrast to the growth of Scheduled Airlines, Business Aviation in India over the last 5 years charted a meagre 2% growth,” BAOA said.

“Provided certain immediate and long-term actions are taken, India is looking at a relatively conservative fleet growth projections of about 7% over a long period, a median between best case of 12% and as is case today of 2%,” it said.

“The aim of the BAOA Industry Report is to present and make aware the contribution, role and strategic fulcrum, that Business Aviation has played with shaping the India of today. Business Aviation is no longer a corporate status symbol, but an imperative business tool needed by Captains of Industry and National Leaders to grow in a highly competitive global business environment” said Jayant Nadkarni, President, Business Aircraft Operators Association.
06/12/16 Defence Aviation Post
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