Monday, July 30, 2018

Private jets may soon land in care of aircraft operators

New Delhi: Super-rich Indians may soon be able to own private jets without having to take on the responsibility of managing and maintaining the aircraft.

The aviation ministry is working on a proposal to allow the concept of different owner and operator for private jets, said a government official.

If the proposal is implemented, it would allow a company or a private person to buy an aircraft and hand it over to an aircraft management company to maintain and operate it on mutually agreed terms.
30/07/18 Mihir Mishra/Economic Times

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