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.
Bu hikaye Aviation World dergisinin January - February 2023 sayısından alınmıştır.
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Bu hikaye Aviation World dergisinin January - February 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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