Private Jet Industry Steps Up in India

Gulfstream G200 s/n 163

Credit: Gulfstream Aerospace Corporation

The private jet industry in India is all set to intensify for the wealthiest in the country. New private aircraft worth billions of dollars have entered India over the last decade making it the ninth largest in the world, according to the International Air Transport Association (IATA). It is expected that by 2026, it will become the third largest in the world overtaking the UK.

William Stolerman at Luxury Insider, Asia’s leading online luxury magazine, said that the surge would take India from 18th globally (in the context of private jet numbers) to fourth. He added that the country has double the amount of private jets than China. The private aviation revolution is reportedly led by the likes of the Ambani brothers, the Tatas, TVS, Gautam Thapar, and more.

Gulfstream G200 s/n 163

Credit: Gulfstream Aerospace Corporation

The North American manufacturers of the world’s finest advanced business-jet aircrafts, Gulfstream, visited Mumbai recently and had information on eight models for sale in India. The models ranged from mid-size, high-speed Gulfstream G150 priced at $1.1 million (Rs. 71 crores), to the ultra-long-range Gulfstream G650, considered the fastest, and longest-range and largest purpose-built private aircraft in the world, priced at $45million (Rs. 298 crores).

It is said that Gulfstream has a long-term vision with the latest luxury jet. The luxury jets are set with a high-definition flat-screen television, Internet access, Voice over Internet Protocol (VoIP), fully berthable seats, and more.

Gulfstream G200 s/n 163

Credit: Gulfstream Aerospace Corporation

The private jet buyer can make an initial deposit whilst signing the purchase agreement. The agreement would outline the aircraft’s model, the equipment, the delivery time frame, and the prepayment terms. Gulfstream customers usually got their delivery from the headquarters at Savannah, Georgia or any other completion centre.

Meanwhile, the growth of private aviation in India is attributed to doing business at international levels amongst other factors.

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