Dubai's
Empire Aviation Group has launched a charter and management venture in India,
in a move that aims to plug a gap within the country's growing private aviation
sector for high-quality business aircraft services, and help grow the region's
fleet of midsize and high-end jets.
Steve Hartley, EAG's executive director says the
Bengaluru-headquartered venture has been "three years in the making",
thanks to "an incredibly frustrating [bureaucratic] experience".
To comply with the country's foreign ownership
regulations, EAG has formed a venture with Indian maintenance, repair and
overhaul provider and strategic investor Air Works. "We have total control
of the day-to-day running of this operation," Hartley explains.
EAG is one of the largest business jet operators in
the Gulf with a fleet of more than 20 aircraft. It hopes to export its high
service levels to India, where the standard of rivals is
"indifferent", says Hartley. It is not uncommon for passengers to
"climb into a filthy aircraft", he says: "The benchmark is low,
but we plan to change all that.'
In early November, EAG was awarded a non-scheduled
operator's permit by India's Directorate General of Civil Aviation, and has
already added three managed business jets to the line-up, including its first
on the Indian register – a large-cabin Embraer Legacy 650.
"We are focusing on midsize business jets
upwards, as they provide a better revenue stream for us than smaller
aircraft," says Hartley.
EAG is confident about its prospects in the region,
and plans to double its fleet year on year over the next four years. "The
opportunity is tremendous, but our growth will be controlled," says
Hartley.
Flight Fleets Analyzer records an in-service fleet
of around 230 business aircraft in India, with around 50% of the inventory
positioned in the top half of the sector.
(Evangle Luo of TTFLY shared with you)
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