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Travelling? Try time-share jets

If you travel abroad frequently but can’t afford your own jet, there’s hope in the air, reports L Mishra.
Hindustan Times | By Lalatendu Mishra, Mumbai
UPDATED ON MAR 20, 2008 03:08 AM IST

If you travel abroad frequently but can’t afford your own jet, there’s hope in the air. NetJets, the world’s largest private jet operator with a fleet of 735 and a pioneer in fractional aircraft ownership, brings you a personal jet experience at a fraction of the cost of owning one.

The tab is Rs 83 lakh for 25 hours of flying in a year in a six-seat low-end jet.

The US-based NetJets, which has forayed into India, will offer a premium product to its clients here and will compete with players like BizJet, co-promoted by the Tatas, and Club One Air of Manav Singh. But it will focus more on India’s high net worth individuals who fly into and around the US and Europe.

Ashish Chordia, who has been enabling rich Indians to own super luxury products such as cars, yachts, super bikes, fashion articles and jewellery, has been named NetJets’ Indian strategic partner. Chordia, CEO of Shreyans, has to his credit selling 400 Porsche cars in India. He will tap his existing clients to subscribe to different schemes of NetJets.

“I am expecting 1,000 clients from India and many have approached me for such a facility,” Chordia said, “At the moment, we will fly in aircraft from Europe and West Asia to service Indian clients until we achieve critical mass,” he added.

A NetJets executive said India, like China and Russia, was an emerging market and the growth in private aviation was phenomenal here. “More billionaires are made in India and Russia these days than anywhere in the world. We have come here to explore opportunities,” he added.

Berkshire Hathaway, the investment vehicle of legendary investor Warren Buffett, owns NetJets, which has the second largest fleet of aircraft in the world after American Airlines. On average a NetJets aircraft takes off or lands every 41 seconds. NetJets offers the most diversified fleet in private aviation.

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