As India set to turn world's 2nd-biggest aviation market, Centre struggles with this 'foreign' concept
As per the concept paper being studied globally, the largest aircraft operators in general & business aviation follow the models of aircraft management and fractional ownership services. “These two are the most popular and high-growth models. Notable examples of such operators are NetJets- 600 plus aircraft, Lux Aviation- 225 plus aircraft and Tag Aviation- 80 plus aircraft, which are spread across several state registries.
Industry experts claim that the issue is of utmost importance, as India is all set to become the world’s second-biggest aviation market by 2038 with over 1 billion passengers expected to fly per year. Image source: Reuters