Corporates buying huge wings

Kapil KaulThere is no denying the fact that a personal jet cannot replace the luxury of a business class in a full service carrier. Perhaps that is the reason why more and more of India's billionaires queuing up to buy and register their personal jets.

In fact, according to the ministry of civil aviation data, more than billion; of dollars' worth of new private aircrafts is expected to land here over the next one year - 157 of them at last count.

While the list already has names like the Tatas, the Ruias' Essar Group, TVS, KP Singh's DLF, Gautam Thapar, the Jindals and Cyrus Poonawala, it is believed that they will soon be joined by names matching the likes of GMR and GVK, the Jajodias' Monnet, DS Construction, Punj Lloyd and Deccan Chronicle.

Kapil Kaul, CEO of the South Asia Centre for Asia Pacific Aviation said that the Indian market is expected to emerge as one of the largest buyers of new business aircraft dominated by light jet offering faster connectivity in the times to come.

Clearly, many big names will soon have huge wings too to fly.