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Monday 9 March 2015

Tepid economy slows down high flyers

New Delhi: With the Indian economy hovering well short of the expected altitude, corporate high flyers and private jet owners seem to have cut down on their business sorties obviously with an eye on pruning travel costs.
The first nine months of this financial year witnessed 7,950 fewer flight movements in the general aviation sector that includes business jets.

Latest air traffic data compiled by Airports Authority of India for April-December 2014 reflects negative growth in flight movements in general aviation.

The data showed 208,314 flights landing and taking off in this period, down 3.7 per cent compared with 216,264 flights in April-December 2013.

Business Aircraft Operators Associ­ation (BA­OA) has revealed that non-scheduled and charter aviation companies operate a total fleet of 552 aircraft. Out of these, 126 are business jets, which are used mostly by leading business houses.
08/03/15 Nirbhay Kumar/mydigitalfc

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