Image courtesy: Reuters
Abu Dhabi’s Royal Jet, a luxury aviation company, hopes to enter the Indian private aviation sector via the Indian Business Aviation Expo (IBAE ), which is on in Delhi till February 23.
One reason the aviation company, which sells private jets and luxury travel packages, is keen on entering the Indian market is because trade analysis suggests the aviation industry here is growing fast and approximately 350-400 million nationals will choose to travel by air annually by 2020. That coupled with the growth of High Networth Individuals (HNIs) – numbers went up by about 50.9% in 2009 - makes the Indian market very lucrative.
And the IBAE, according to Royal Jet’s acting commercial vice-president Fahad Wali, is a great platform to “introduce our business relationship with ASM as we present a new era of luxury private aviation service to the Indian market.”
Royal Jet is targeting the increasing number of HNI in India who usually look to get around airports faster and want quicker services. Already, Gulfstream and Brazilian private jet company Embraer are targeting rich Indians with jets that cost upwards of Rs 20 crore.
Royal Jet sells five types of jets, which include the Boeing Business Jet and the Lear Jet 60. They also offer luxury packages to some of the most exotic locales in Egypt, Maldives, Florence and Mauritius.
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