Leading global business aviation company VistaJet has said that it is in discussion with existing business jet operators to find a domestic partner for its India operations. The Zurich-based business jet operator plans to base two of its aircraft in India to increase its footprint in the growing business aviation market in the country.
VistaJet has a strong base in Africa and Russia. Asia is an emerging market for the company.
It recently partnered with US company Jet Aviation as it penetrated the market in that country in September 2013. Jet Aviation will manage and operate VistaJet aircraft in the US, a model similar to what the firm is exploring in India. "The partner (we are in discussion with) has experience here and knows the business well," Sheena de Boisgelin, Country Head - India for VistaJet told Business Today.
VistaJet globally has positioned itself as an on-demand company for ultra high net worth individuals, entrepreneurs and corporates who fly regularly between 50 to 500 hours per year. "We will have enough numbers in India for that type of clientele and initial discussions are encouraging," says Boisgelin.
It offers fixed hourly rates and guaranteed availability of the aircraft. It also does not charge for ferrying aircraft to the client. VistaJet says it owns the largest Bombardier regional jet fleet globally and will have 47 planes by the end of 2014.
The company has been operating in India for over a year now but does not have an India-based fleet. It plans to have two of its aircraft in India and says it is expecting to get good volumes from American corporations who do business here.
"Flying a VistaJet aircraft will eventually be much cheaper than owing a private jet as you do away with all the fixed costs of maintenance and also of having a crew," says Boisgelin.
The company says having an India registered aircraft will help it grow its business in the domestic market. It will also cut the cumbersome process of seeking regulatory clearances from the Indian civil aviation regulator for aircraft registered outside India.