India Inc to buy a jet every 3 days

New Delhi: One corporate jet every three days. That’s what Indian companies are expected to buy for the next three years, taking the total tally of corporate jets in India to 450 from 150 at present. And joining the league of established corporate jet setters like the Tatas and Birlas, are firms such as Videocon, Bharat Forge, GMR Group, Suzlon Energy, TVS Motors, Punj Lloyd, Hindustan Construction, DS Construction and DLF Group.
In the last one year the Directorate General of Civil Aviation has given its approval to about 70 Indian companies to buy around 100 corporate jets. And these numbers are going to grow. Apart from the new entrants, corporate houses like Reliance, Raymond and UB Group, which already have corporate jets, are likely to add to their existing fleet of jets and helicopters.
A corporate jet may cost anywhere between Rs 25 crore to Rs 225 crore, depending upon it’s functions and features such as whether it's single engine or twin engine.
The new corporate jets that have been ordered by Indian companies include Gulfstream, Bombardier Global Express, Citation XL, Embraer Legacy, Beechcraft, Falcon, and Airbus and Boeing corporate jets.
31/01/07 Sunny Verma/Economic Times

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