BUSINESS AVIATION IN INDIA UNABLE TO CROSS THE CHASM

Tech-based air charter marketplace "Insta Charter" conducted a round table in Delhi where industry experts discussed on the factors that determine the business of business aviation and prospects of making it a recognised industry. The founder and creator of Insta Charter Capt. Abhishek Sinha believes that air charter operators can enhance the utilization of their aircraft's flying hours and on the other hand, air charter brokers can find the best air charter deals for their end clients at a great price. Aviation World Magazine presents the excerpts of the round table discussion.

In Asia Pacific, 20 per cent of the Private Aviation caters to the destinations in India, which is more than China, Japan and Hong Kong put together. The Global Pvt Air Charter Business valued at $28B is expected to grow at about 5% CAGR with the maximum growth coming from the APAC region estimated at over 7%. The APAC market is likely to cross $7B by 2023.

The Number of Business Jets in India grew 500% between 2006-2012. With more than 100 aeroplanes delivered to India within a short period, most Business aircraft manufacturers were bullish on the Indian market and opened offices in India at that time. Most reports predicted growth between 10-12% for the next 20 years. By that assessment, India should have more than 330 business aeroplanes in India. Contrary to the expectations today there are less than 190 Business jets in India with an average Aeroplane age of more than 15 years.