Page 28 - AAA MARCH - APRIL 2014 Online Magazine
P. 28

FEATURE HOPE AMID GLOOME





        Hope Amid Gloom





        The private jet market is making a gradual recovery
        By Jay Menon


                                            businEss aviation in  india is on      “By 2017, the Indian aviation market
                                            the  cusp  of  the  next  phase  of  growth,   is projected to be among the three largest
                                            but regulatory knots and infrastructure   markets globally. The General Aviation
                                            constraints can stymie its good prospects.  (GA) market, which includes business jets,
                                               Since the economic downturn in 2008,   is expected to grow at 10% per annum
                                            the private jet market has made a gradual   to cross 16 billion rupees as nearly 300
                                            recovery. It is estimated that the country   business jets, 300 small aircraft and 250
                                            is currently the second-largest business   helicopters are expected to be added to
                                            jet market in the Asia-Pacific region with a   the present fleet by then,” says Dhiraj
                                            fleet of 165, up from 26 in 2005, and a total   Mathur, Executive Director & Leader,
                                            number of over 200 non-scheduled airline   Aerospace & Defence Practice at the
                                            operators. China leads the market with a   PricewaterhouseCoopers India.
                                            fleet of 220 aircraft.                 The Directorate General of Civil
                                               The increasing number of high-net-  Aviation (DGCA) estimates that the general
                                            worth individuals coupled with expanding   aviation fleet in India comprises around
                                            business interests and a demand for   800 small aircraft and 300 helicopters.
                                            private aircraft from unconventional Tier   India is poised to experience a rapid
                                            1 and Tier II cities are likely to drive the   upswing in the business aviation sector
        Beechcraft King Air 350E            growth in the segment.              due to its strategic geographic location,









































        28   ASIAN AIRLINES & AIRPORTS  MARCH / APRIL 2014                      WWW.ASIANAIRLINES-AIRPORTS.COM
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