Corporate India prefers private jets

Bangalore: Business jets or private aircrafts are giving corporates the freedom to choose when to fly and who they fly with.The trend is seeing a huge demand. However, the exclusitivity doesn't come cheap. It costs anything between $3mn to upwards of $50mn to own one and even then there is a waiting period of five years.
Biz jets, seen as the indulgence of the super-rich, aren't new to India. Several honcho's including Ratan Tata and the Ambanis already own biz jets.
But companies like Raytheon and Bombardier are hoping to tap into a booming economy and anticipate they will sell between 25 to 30 aircraft in 10-year time. The sector is not without its share of problems though.
Biz jets are the new mantras of success. Those corporates who have the moolah and aren't afraid to flaunt it are acquiring biz jets and the demand can be seen from the fact that over five planes were sold in just two days of the recently concluded air show.
13/02/07 Sunanda Jayaseelan/NDTV.com

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Categories: General Aviation feb 2007