VistaJet bringing luxury aviation to India
11 December 2012
Swiss chartered plane operator VistaJet – considered the world's leading luxury charter jet company – plans to set up a marketing team in India has part of its wider strategy to focus on high net worth individuals and companies in emerging economies.
VistaJet said that with its unique business model that makes aircraft available within 24 hours for its clients, it is betting big on the important shift in world trade that is moving now from western to eastern economies.
VistaJet advisory board chairman Rob Hersov said that in the Indian market, it hopes to tap into a base of around 200 high net worth individuals (HNIs)?and corporate houses who do not have their own jets.
''We have plans of opening up an office in India and hope to have a client base of around 100-200 people in India who fly out frequently on business trips to international destinations,'' he said.
Thomas Flohr, founder chairman and managing director, VistaJet, said, "We see continuous growth at the top end and this growth in India will see need for long-range flying required for Indian corporates as they are competing at the world stage."
Flohr said that VistaJet assess a demand of about 400 to 500 clients that would do 100-500 hours of flying per year that it targets in India. "Within the first year of operation, nothing can stop us from signing at least 20-30 of these clients," he said.