Hong Kong – Reported by Elite Traveler, the Private Jet Lifestyle Magazine
Today, Firestone Management Group, a boutique private jet advisory practice focused on assisting multinational private jet organizations interested in penetrating the emerging markets of Asia-Pacific, releases a current report on the private jet landscape within the Republic of India. This is the inaugural issue of a bi-annual report on India from the Firestone Management Group.
As of March 15, 2011 there are currently a combined total of 136 private jets registered in India made by the following private jet manufacturers:
-Hawker Beechcraft leads the industry with 35 private jets registered representing 26 percent of the entire installed base.
-Cessna Aircraft Company closely follows with 31 private jets currently registered in the country, representing 23 percent of the installed base.
-Bombardier has 24 private jets representing 18 percent of the installed base.
-Dassault Falcon Jet has 17 private jets representing 13 percent of the total installed base.
-Gulfstream Aerospace Corp. has 15 private jets equaling 11 percent of the total installed base.
-Embraer, Boeing, and Airbus have yet to reach double digits with 9, 3 and 2 private jets respectively.
Of the combined total of 136 private jets, 95 were manufactured less than 10 years ago, representing nearly 70 percent of the current installed base of aircraft currently registered in India. In the last 36 months alone, 43 jets have been added to the registry representing a 46 percent growth.
“The growth opportunity for private jet manufacturers to deliver their products into India is tremendous,” says Justin Firestone, managing director of Firestone Management Group. “As the world’s largest democracy, the second most populous country and one of the fastest growing major economies, this quantitative data indicates India is clearly embracing the need for safe and efficient business jet travel.”
Data used within this report was collected using AMSTAT, the leading source for worldwide corporate aircraft fleet operator and market information, and other primary and secondary research.