Civil Business Aviation touching new high: embraer phenom is one of the most desired business jets in the country
Rosy
Photographs: Embraer, gulfstrream, bombardier, Dassault Aviation & hbc
It’s all
Although the number of corporate jets in the country is still relatively low, the major business aviation manufacturers that currently dominate the global scene, like Bombardier, Cessna, Dassault Aviation, Embraer, Gulfstream and Hawker Beechcraft, are all bullish about the Indian market
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sn’t an executive jet a at about 549 aircraft. This is a depressBy Joseph Noronha, ing 47 per cent below the peak attained good-looking, power-packed Goa machine? But beauty and perin 2008. But the good news is that sales formance come at a price—as could rise by 20 per cent to more than any business aircraft owner 650 next year. will tell you. It is a price that In India, too, the picture is rather many prosperous and up-and-coming rosy. Till a few years ago, only the counIndian entrepreneurs are ready to pay. try’s super-rich could afford to own an According to JP Morgan North American Equity Re- aircraft. In 2003, there were just 350 private aircraft of all search’s business jet monthly report for September, global kinds in the country. That figure has practically doubled, business jet deliveries are expected to remain flat this year and could easily double again within the next 10 years. Al6 SP’S AVIATION Issue 10 • 2011
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