Supplier Spotlight

Latest video

Forming the future of Wanaka Airport

Residents in Wanaka, New Zealand, were encouraged to join conversations on the future of Wanaka Airport at interactive community and stakeholder engagement sessions. Discussions surrounding what the hub could evolve into by 2045 included the airport’s strengths, thoughts on the return of scheduled services and opportunities for growth.

18th June 2018



The future of flying

The European Business Aviation Association (EBAA) has published a report in cooperation with young people think tank ThinkYoung called Expanding Horizons: How Millennials see the Future of Business Aviation. The survey asked young people aged 18-25 in Germany, France, the UK and Switzerland about mobility, business aviation and the future of sustainable personal air transport. Read more on Andrea Gerosa, founder of young people’s think-tank ThinkYoung, thoughts here

04th June 2018



Joe Cohen (pictured) was recently named CEO for a private jet charter company based in the UK. Can you name the company he is now at the helm of?



Industry Opinion

« back to blog listings

Is India's business aviation industry ready to take off?

Atiesh Mishra, head of aircraft management services at Bird ExecuJet Airport Services, explores India’s place in the business aviation sector, what the country has to offer customers and how it is set to expand over the coming years.

India’s aviation sector has become the world’s fastest-growing aviation market. According to a passenger forecast issued by the International Air Transport Association (IATA), it is expected to become the third largest aviation market by 2026. A smaller part of this prediction is the business aviation industry, which has been on a slow upward trajectory. The industry saw phenomenal growth between 2006 and 2009, and the industry has maintained a slow-paced growth ever since.

The present industry comprises 139 business jets, 248 helicopters and 102 turboprops. India has the largest fleet of charter aircraft in Asia, and is mainly dominated by mid-size private jets. Popular aircraft in the Indian market are the Falcon 2000, Hawker 850XP and Cessna Citation XLS.

There are currently more than 200 airports in India that can be accessed by private jets. The demand for charter aircraft is mainly from customers based in Mumbai, Delhi, Bengaluru, and Chennai. Most of the flights are based on the spoke-hub model – when customers primarily charter aircraft for flying to tier 2 cities where commercial aircraft connectivity is not present or scarce.

The demand for aircraft charter is growing stronger in the region, boosted by India being home to more than 6000 UHNWIs (ultra-high net worth individuals). Customers are now moving from the ad-hoc charters to block charter usage, demanding long-range jets for connection to the Middle East, Europe and South East Asia.

Another fast growing segment is the air ambulance service. With a country the size of India, it needs to be well connected with remote areas. The air ambulance flights are mainly conducted between remote areas and metro cities where the major medical facilities are based. Delhi airport experiences more than 20 air ambulance flights per day.

A dedicated infrastructure for business aviation has been lacking in India, and there is an absence of dedicated business aviation airports in the country. In 2009, India’s first dedicated corporate aviation terminal was opened at Mumbai. In 2016, Bird ExecuJet Airport Services was appointed by Delhi to establish a dedicated FBO and MRO. The project is likely to be completed by 2020 and will be India’s first full service-offering FBO in the country.

The present industry is undergoing a consolidation phase, and small fleet aircraft owners are now looking to surrender their air operator certificates (AOCs) and shift to aircraft management companies. Aircraft management companies offering charter, maintenance and management under one roof will have more acceptance and demand in the future. Bird Execujet Airport Services is one such company based in New Delhi, acting as a one-stop shop solution for its clients, with an FBO, MRO, and aircraft management and concierge services under one roof.

Aircraft parking space and high taxes on aircraft movements have been the two major bottlenecks holding back the growth of the business aviation sector. An airport like Mumbai has no parking space available for new aircraft inductions, but this is likely to change when the second airport is reaches expected completion in 2020.

Despite the bottlenecks restricting the growth of this market, business aviation has all the drivers present to grow rapidly in the future.

To find out more about Bird ExecuJet Airport Services, contact Atiesh Mishra at atiesh.mishra@birdexecujet.in

January 15, 2018

 

Comments:

There are currently no comments.

If you would like to post a comment about this blog, please click here.
RECEIVE THE
LATEST NEWS


Your email address:



Read Latest Issue

Exclusive Articles

Andrea Gerosa, founder of young people’s think-tank ThinkYoung, explores the synergy between business aviation and Generation Y.
Click here to read more


David C Castaldo, president and CEO of aviation FBO technology company Mosaix Software, explores the importance of customer relationship management.
Click here to read more


Atiesh Mishra, aviation consultant at AJM Jet Management and aircraft sales representative at Boutsen Aviation, explores the potential market for an air ambulance operation in India.
Click here to read more



Submit Your Recruitment Ad

Recruitment AdTo send us your recruitment advertising or to receive information on placing a banner please email jag.kambo@ukimediaevents.com

Submit your industry opinion

Industry BlogDo you have an opinion you'd like to share with the business airport community? Good or bad, we'd like to hear your views and opinions on the leading issues shaping the industry. Share your comments by sending up to 500 words to helen.norman@ukimediaevents.com

Supplier Spotlight

Supplier Spotlight Want to see your company included? Contact jag.kambo@ukimediaevents.com for more details.