EXCLUSIVE! Gulfstream moves steadily in India
Neelam Mathews Jan 4, 2011 Business is moving progressively for Arrow Aircraft Sales and Charters, a business-aviation service provider, appointed as an authorized independent sales representative for aircraft transactions in India by Gulfstream Aerospace earlier this year. Gulfstream’s fleet in India, while small, is growing rapidly. The company that had five aircraft in service in India in 2001, now has 23 today, confirms Rohit Kapur, MD and partner at Arrow. He says with wait periods long, 60% of Gulfstreams in India are pre-owned and 40% are new. Kapur led Punj Lloyd Aviation in 2007 until its merger with Air Works India. Until recently, he was the CEO of Indocopters, the sole distributer and maintenance center for Europcopter in India. Kapur says market opportunities for an upper segment jet in India are vast. Market potential is growing. India’s growing roster of billionaires reportedly 47, rank the country fourth in the world, according to Forbes ’ 2010 billi...