Fractional Ownership News

Business jet market set for growth in India

Business jet manufacturers are focusing on the growing Indian market, which industry sources say will need more than 250 aircraft in the next 10 years.

“We are very optimistic about India. We have good business here as India is an expanding market,” said Roger Sperry, vice president, sales, of Gulfstream, which privides aircraft for a range of fractional ownership and jet card operators.

“Earlier most of our sales were in the US, but now at least 60 per cent of our sales are outside. We have built new facilities for the production of our latest offerings,” Sperry told the Indo Asian News Serve. “Asia is the first to recover from recession. We are meeting with prospective customers.”

Canada-based Bombardier is forecasting 250 sales to India and 300 to China over the next ten years.
“India represents tremendous opportunity for business aviation,” said Avid Dixon, Bombardier’s regional vice president, sales.

Indian conglomerate Tata Group recently entered the aircraft charter and fractional ownership markets, buying a stake in BJETS – a Singapore- and Mumbai-based personal aviation provider in 2008.

www.ians.in

06/04/10
 

Got a Fractional news story? Contact Us.