Mumbai: India has emerged as the biggest fleet owner of business aircraft in the Asia Pacific surpassing China with business houses and high net worth individuals (HNIs) acquiring aircraft.
Even during the economic slowdown period of 2008- 12, Indian businessmen purchased 38 per cent more aircraft than the previous five years as per estimates by Beechcraft Corporation.
According to Beechcraft, a leading manufacturer of business aircraft,
India has a fleet of 254 business aircraft as compared to 213 in China, 192 in Japan, 150 in Hong Kong, 66 in Malaysia, and 53 in Thailand, making it the biggest fleet owner in Asia Pacific with 15 per cent market share.
As per latest data from Beechcraft, 65 business aircraft were delivered in India between 2008 and 2012, up from 47 in the previous five years. This was compared to 119 delivered in China, 19 in Japan, 47 in Hong Kong and 10 in South Korea.
Read news in full 27/02/14 The Hindu
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