India’s business jet market is seeing a spurt in sales, led by demand for entry-level ‘light jets’ that can be purchased for Rs.16 crore, or just Rs.4 crore more than a luxury car brand such as Bugatti Veyron.
India has the largest fleet of business jets in Asia at 122, up from 26 in 2005. Another 125 business jets are on order, of which at least 40 are light jets—smaller-cabin jets that can fly four-six people and are light in weight, according to the consultancy Centre for Asia Pacific Aviation.
This month, Mumbai-based Invision Air Pvt. Ltd will induct India’s first light Invision Air jet, Embraer Phenom 100. The chartered carrier has ordered 19 more jets that it will add to its fleet gradually, said Jayant Nadkarni, a director at Invision Air.
In November, Bangalore-based Aviators (India) Pvt. Ltd, a 17-year-old chartered carrier, is expecting delivery of a Phenom 100 light aircraft.