The Indian business aviation industry is sputtering. Ballooning fuel bills, frail airport infrastructure, rising operational costs, regulatory knots and, more recently, the tumbling rupee have hit the 120-odd business aircraft operators, even as they maintain that domestic demand for short-haul runs and corporate travel continues to have latent potential.
This category of operators is under the general aviation segment, which includes all kinds of aviation, except military and scheduled airlines. It includes business aviation that involves corporate use of airplanes and helicopters.
While facing the same raft of problems that its elder brother, the scheduled airlines, are facing, this segment has an additional set of infrastructure, regulatory and tax woes that are acting as a further drag on its profitability. Having had a good run till about 2009 with an annual growth rate of about 20 per cent, the last two years have been staid for these operators, including in terms of demand generation, fleet expansion and operating margins.
Read news in full 22/07/13 Business Line
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