Business Basics
Asian Airlines and Airports March 21, 2011 Neelam Mathews Even as India’s business and general aviation continues to grow by over 12% with signs of accelerated growth in future, there is a call by the Business Aviation Association of India to review the complex regulatory framework according to global norms. An in-depth study by think-tank Australian Center of Asia Pacific Aviation (CAPA) points out India has a total fleet of 681 as against 912 projected at different forums. The mix includes 236 single pistons, 250 helicopters, 91 turboprops and 104 business jets. Emerging multinational companies have a large, pent-up need for rapid and flexible transportation across and between continents. As economic growth continues to be the catalyst for aviation growth, a significant increase in individuals with high net worth who recognize time as a premium. More mid-size corporations are looking for alternatives to provide flexibility of travel schedules, Karan Singh, Vice Presiden...