According to the report by Baron Aviation, the private jets market is witnessing tremendous expansion in non-metros which makes it confident of higher growth, to the tune of 30 per cent, in the segment soon.
Baron, a private jets brokering service provider, today launched an online platform for both operators and users under the brand name of BookMyCharters.
Baron Chairman and Chief Executive Rajeev Wadhwa said his portal has already roped in 40 private jets from 12 operators and one can book a plane in 60 seconds with complete transparency in pricing.
Wadhwa said of these 40 planes, 75 per cent are registered in Delhi, which is the capital of private aviation business in the country. Mumbai, despite being the corporate capital, does not have much scope as the city airport is the costliest in the world when it comes to aviation charges which is nothing less than Rs 1 lakh for a day, he said.
Also Read
Wadhwa said the domestic private jet market has 126 operators with 194 planes, but 79 of them just have 1-2 jets.
He said while global flying average per plane is 800- 1000 hrs a year, in India, this is only 300-400 hrs but expressed the hope with his online booking venture this can go up to 600 hrs over the next few years.
Asked about the volume of incremental business expected with this venture, the Baron CEO said he sees 30-40 per cent of current air charter users migrating to the platform over the next one year, which in turn can boost the market by 30 per cent.