Who gives a f*ck if the poor in India can’t get food to eat.
Who gives a f*ck if income disparities in India are rising sharply.
Who gives a f*ck if Anna Hazare is on a fast unto death.
Rejoice, my countrymen.
Uncork the champagne for India’s private jet business is expanding.
Thank God, the super-rich now don’t have to rub shoulders with all you hoi polloi, all ye rabble slaving away at Wipro, Infosys, TCS and Reliance anymore.
Not for the super-rich, your stinking breath or your body coming in close contact with their Armani threads and the Gucci handbags.
Private Jets Rising in India
In its inaugural report on the private jet landscape within India, Hong Kong based boutique private jet advisory practice Firestone Management Group recently said that as of March 15, 2011 there were currently 136 private jets registered in India.
Firestone Management’s researchers have found that Hawker Beechcraft leads with 35 private jets (26%), followed by Cessna Aircraft Company with 31 private jets (23%), Bombardier with 24 private jets (18%), Dassault Falcon Jet with 17 private jets (13%) and Gulfstream Aerospace with 15 private jets (11%).
Embraer, Boeing and Airbus have yet to reach double digits with 9, 3 and 2 private jets respectively.
Apparently, of the total 136 private registered jets, 95 were manufactured less than 10 years ago, i.e. about 70% of the current installed base.
Now comes the best part.
In the last 36 months alone (remember this is the time when Naxalite activities have surged in India over, of course, inconsequential issues like growing income disparities, corruption and looting by corporations), 43 jets have been added to the registry representing a 46% growth.
Aren’t you thrilled?
Firestone Management Group’s managing director Justin Firestone just can’t contain his excitement:
The growth opportunity for private jet manufacturers to deliver their products into India is tremendous. As the world’s largest democracy, the second most populous country and one of the fastest growing major economies, this quantitative data indicates India is clearly embracing the need for safe and efficient business jet travel.
Firestone said its report was based on AMSTAT (a leading source for worldwide corporate aircraft fleet operator and market information) and other primary and secondary research.
Time for some Beluga Caviar now, eh! Koi hai?