Bizjet Broker Sees Opportunities in India
ArcosJet notes obstacles that have stymied the industry, but said the economy positions the market for growth.

Despite policies that have deterred the growth of business aviation in India, aircraft broker ArcosJet remains optimistic about the opportunities for the industry. After notable growth between 2003 and 2008 boosted the fleet in India to about 140 aircraft, an import tax that was introduced in 2007, poor infrastructure and bureaucracy “stopped Indian business aviation in its tracks,” ArcosJet said, noting that the industry dipped again slightly, by 2 percent, last year. More than 15 percent of the active fleet is up for sale.


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