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Forming the future of Wanaka Airport

Residents in Wanaka, New Zealand, were encouraged to join conversations on the future of Wanaka Airport at interactive community and stakeholder engagement sessions. Discussions surrounding what the hub could evolve into by 2045 included the airport’s strengths, thoughts on the return of scheduled services and opportunities for growth.

18th June 2018



The future of flying

The European Business Aviation Association (EBAA) has published a report in cooperation with young people think tank ThinkYoung called Expanding Horizons: How Millennials see the Future of Business Aviation. The survey asked young people aged 18-25 in Germany, France, the UK and Switzerland about mobility, business aviation and the future of sustainable personal air transport. Read more on Andrea Gerosa, founder of young people’s think-tank ThinkYoung, thoughts here

04th June 2018



How many trade visitors is this week's Farnborough Airshow expected to attract? 

News

Strong economic growth in India fuels business aviation market

Research from Global Capital Jet, a provider of financing solutions for large-cabin, long-range business jets, has revealed strong growth in the Indian business aviation market with 70 mid to heavy business jets delivered between 2006-2015 with a combined value of US$3.5bn.

This growth is being driven by an increase in GDP in the country, according to Simon Davies, vice president, sales – India, Global Jet Capital. “For the fiscal year 2015-2016, India’s GDP growth was around 7.6%, and some market commentators are predicting that growth will gain momentum in 2016-2017, with GDP growth of around 7.8%,” he said.

“Demand for business aviation is closely correlated to economic growth so we believe in the long-term, India will see a significant increase in demand for business jets. This is already a very attractive market for us, and we expect it to become even more appealing in the coming years.”

The Indian business aircraft fleet has a greater proportion of mid-sized to heavy jets than the global average – 44% of the Indian fleet is classed as mid-sized to heavy, compared with a worldwide figure of 31%, indicating that demand for finance from Indian buyers is likely to be greater than from other regions. According to the research, 80% of the funding used to purchase these aircraft, which typically cost between US$25m and US$75m each, was through external financing.

June 28, 2016


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