India is on the cusp of unprecedented growth in the commercial aviation sector passenger and cargo movements are soaring, and major airports are chock-a-block. With rising demand, increased economic activity, higher disposable incomes, massive surge in tourism and better infrastructure, the aviation market in India is in its most exciting phase. Adding to that excitement is the general aviation/business aviation segment, with the ultra-high-net-worth individuals (UHNWIs) wanting to fly in comfort and in style. This is resurgent India.
According to Knight Frank's "The Wealth Report 2024, the number of UHNWIS is expected to increase to 19,908 by 2028 from 13,263 in 2023, leading to an unprecedented 50.1% growth, the highest for any country, in the next five years. They are one of the major drivers of business jet growth in India.
With such demand, the business jet market in India had a 7% year-on-year growth in 2023. India accounted for 151 of the 1,154 business jets in operation in the Asia-Pacific region. Mainland China has 272, and Australia has 213 business aircraft, though the former has been registering a net decline since 2020.
Net Addition of 7 Aircraft
According to the Asian Sky Group, India saw a net addition of seven aircraft, with one new delivery, 12 pre-owned additions, and six deductions. Three net Long-Range Jet additions, two Globals and two Gulfstreams, joined the fleet. Medium and large jets each accounted for one quarter of the Indian fleet.
Denne historien er fra December 2024-utgaven av Cruising Heights.
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Denne historien er fra December 2024-utgaven av Cruising Heights.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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UNTAPPED POTENTIAL OF BUSINESS JETS IN AN ENCOURAGING MARKET
India's business jet market is witnessing growth, fueled by rising UHNWIS and increasing private jet demand. Yet, challenges like high operational costs, inadequate infrastructure, and unclear fractional ownership policies hinder its full potential, explains R. CHANDRAKANTH
Durable Solutions for Runway Construction
Durable runway and highway construction can be achieved by promoting advanced solutions like Performance Grade (PG) binders and leveraging NABL-accredited laboratories to design pavement that can withstand the challenges of aggressive climatic conditions and heavy traffic loads. This ensures long-lasting, climate-adaptable, ESG-compliant, and sustainable infrastructure while advocating for policy changes and innovation. In this interaction with SUBHENDU KUNDU, General Manager of Marketing & Branding of Hindustan Colas, these pressing issues and forward-looking solutions are discussed in detail.
BEYOND FUNCTIONALITY DESIGNING AIRPORTS FOR EXTENDED PASSENGER STAYS
Airports today are redefining functionality with immersive designs that blend green aesthetics, local culture, and retail-focused layouts. By encouraging extended passenger stays, they transform travel into an engaging experience, observes RASHEED KAPPAN
MERGER OF EQUALS
Vistara has flown into the sunset following its merger with Air India, marking a significant step in the Tata Group's ambitious aviation transformation. As MIKE RAJKUMAR notes, while the merger brings opportunities for growth with an expanded fleet and network, it also poses challenges in preserving Vistara's service ethos and navigating complex integration processes
WAITING TO TAKE OFF
India's coastline and waterways present immense potential for seaplane operations, particularly for regional connectivity and tourism, yet seaplane operations are yet to take-off despite many attempts. While challenges like infrastructure and commercial viability persist, strong government initiatives, including revised regulations and financial support, are required to establish a sustainable seaplane ecosystem, examines ATUL CHANDRA
TRANSFORMING ATM WITH REMOTE TOWERS AND SWIM
Remote-control towers and SWIM technology offer cost-effective solutions for managing small airports, enhancing data sharing, efficiency, and scalability while aligning with global aviation standards, explains DR. ARJUN SINGH
REVIVING MAMNOOR AIRPORTI TELANGANA'S GATEWAY TO REGIONAL AND GLOBAL CONNECTIVITY
Mamnoor Airport, once India's largest pre-Independence airport, is set for a transformative revival, marking a significant milestone for Telangana's aviation sector. With ₹205 crore sanctioned for expansion, the airport aims to accommodate international aircraft and boost connectivity, tourism, and economic growth in the region, reports NIDHI SHARMA
KERALA'S AVIATION EXPANSION PROGRESS AMIDST CHALLENGES
Four international airports and a fifth on the way mark Kerala's aviation growth, but financial struggles and safety concerns reveal that all is not well, uncovers RASHEED KAPPAN
A LANDMARK IN FLIGHT SIMULATOR TRAINING
SIMAERO AND HAVELSAN FORGE A STRATEGIC PARTNERSHIP
INDIGO FUNNELS HOLIDAY TRAFFIC THROUGH BENGALURU
IndiGo is establishing Bengaluru as a strategic hub, connecting high-spending local travelers to international leisure destinations like Bali and Langkawi. With its market-stimulating fares and expanding infrastructure, the airline is tapping into Bengaluru's potential as a gateway for holiday traffic, highlights AMEYA JOSHI
