Indian Aviation Market Update

The International Air Transport Association (IATA) announced industry performance statistics for 2015 showing that India had the fastest domestic passenger growth in 2015. With annual growth of 18.8% (in a market of 80 million domestic passengers), India’s performance overtook Russia’s (11.9% growth, in a market of 47 million domestic passengers), China (9.7% growth, in a market of 394 million domestic passengers) and the United States (5.4% growth, in a market of 708 million domestic passengers).

 Indian domestic private aviation business is set to grow exponentially from Rs 1,800 crore (USD$333.3M) in 2015 to Rs 5,000 crore (USD$926M) by 2020 from, on the back of rising popularity for such services in non-metropolitan areas. The private jet market is witnessing tremendous expansion in these more rural areas which leads us at Tyrus Wings to believe we will see a 30% increase in this market.

 Recently an online platform for both operators and users under the brand name of BookMyCharters was launched.

This portal makes available 40 private jets from 12 operators and one can book a plane in 60 seconds with complete transparency in pricing.

 Out of the 40 jets, 75% are registered in Delhi, which is India’s private jet capital. Even though Mumbai is the corporate capital, it’s aviation charges are the highest in the world and this has slowed down private jet traffic into there.

 The Indian domestic private jet market has 126 operators with 194 planes, but 79 of them just have 1-2 jets.

 With the forecast growth there is a market for pre-owned jets, the favorite way of getting onto the private jet ladder for most Indian companies. However, a lot of people who can afford to fly private jets in India don't because of infrastructural challenges, costs and maintenance and the perceived value. I would guess there are fewer than 1,000 private aircraft in the country with half of these being helicopters.

 Typically, private jets that most Indian entrepreneurs use - Gulfstream, Embraer, Bombardier Global Express or Dassault Falcon - can only do six to seven-hour journeys. For the long haul - flying from here to the US, for instance - they still prefer to fly with the airlines. But when they land in the US they pick up a private jet to fly within the US. They charter.

 As infrastructure improves and the necessity to go private all the way our forecast is for the Indian private jet market to keep growing.

Fabrizio Poli is Managing Partner of Aircraft Trading Company Tyrus Wings. He is also an accomplished Airline Transport Pilot having flown both private Jets and for the airlines. Fabrizio is also a bestselling author and inspirational speaker & has been featured on Russia Today (RT), Social Media Examiner, Bloomberg, Chicago Tribune, Daily Telegraph, City Wealth Magazine, Billionaire.com, Wealth X, Financial Times, El Financiero and many other Media offering insight on the aviation world. Fabrizio is also regularly featured as an Aviation Analyst on Russia Today (RT). Fabrizio is also aviation special correspondent for luxury magazine, Most Fabullous Magazine. Fabrizio is also considered one of the world's top 30 experts in using Linkedin for business. You can tune in weekly to Fabrizio's business Podcast Living Outside the Cube available both in video & audio. You can also follow Fabrizio's aviation videos on Tyrus Wings TV.

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