Eying a shrinking number of non-scheduled operators in India, start-up Prince Air is hoping to build an alternative private jet service based on a subscription model that the company’s founder believes will dramatically reduce cost and prices. India’s economic slowdown left the business aviation industry with 99 non-scheduled operators (NSOPs) last September, down from 130 in 2018, and more are expected to shut down.
However, founder Sanket Singh said Prince Air’s subscription model gives predictive revenue, which he believes will enable the operation to fly members at a fraction of the cost and make the private jet experience accessible to a wider audience than private charters. “We are a good fit between private and commercial jets," he said. "We provide efficiency and speed to our customers. Members will be able to skip airport security lines and get VIP access during check-ins and boarding.”
Already, Singh said the response for the service has been strong, particularly from CEOs, doctors, tourists, and executives who travel at least a few times a week. “The luxury real estate business is booming. Builders are offering our subscription free with homes. We already have 200 inquiries and have to freeze them at the moment.”
03/02/20 Neelam Mathews/AINonline
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However, founder Sanket Singh said Prince Air’s subscription model gives predictive revenue, which he believes will enable the operation to fly members at a fraction of the cost and make the private jet experience accessible to a wider audience than private charters. “We are a good fit between private and commercial jets," he said. "We provide efficiency and speed to our customers. Members will be able to skip airport security lines and get VIP access during check-ins and boarding.”
Already, Singh said the response for the service has been strong, particularly from CEOs, doctors, tourists, and executives who travel at least a few times a week. “The luxury real estate business is booming. Builders are offering our subscription free with homes. We already have 200 inquiries and have to freeze them at the moment.”
03/02/20 Neelam Mathews/AINonline
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