India a Growing but Low-volume Bizav Market
Business aviation market advisor Brian Foley said business jet deliveries in India are healthier than in most Western countries, but the volume isn’t on par with mature markets. However, he noted that India’s growing share of business jet deliveries has clearly caught the attention of aircraft manufacturers. “In 2009, India’s bizjet fleet grew by 14 percent versus a worldwide figure of 5 percent,” Foley said. “But India’s home-based fleet is less than 1 percent of the worldwide total–only 123 aircraft out of almost 18,000–and this must be kept in perspective. I believe this growth is genuine, but it is from a low base.” Airport infrastructure, especially for private aircraft, is a main obstacle affecting business aviation growth in India, he added.