Business jet makers bullish as India outshines other markets in APAC
India’s business jet market is on an extraordinary growth path and is now exceeding every other region in the Asia-Pacific (APAC) region driven by high-net worth individuals, expanding corporate sectors, and increased demand for private travel. Global business jet manufacturers like Bombardier and Embraer have increasing optimism in India as the infrastructure gets better and more point-to-point opportunities are presented. India’s changing aviation market is resulting in new investments in maintenance and charter services, and operators are seeing first-time buyers of jets who appreciate privacy and flexibility. Other markets, like China, are still recovering from prior regulatory constraints and the recovery is slow. However, India’s policies remain stable and the country’s positive economic momentum seems to be driving more purchase confidence. Industry players assert that fleet expansion will continue in 2017 onward and that a combination of premium jets and long-range aircraft will continue to be in demand to connect domestic cities to each other and international destinations directly. Overall, India is quickly emerging as a bright spot in the APAC business aviation market, inciting manufacturers to expand their market presence and partnerships locally.
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